NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Short Interest Update

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHGet Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 16,097 shares, an increase of 121.4% from the April 30th total of 7,272 shares. Based on an average daily volume of 30,937 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On NEOS Nasdaq-100 Hedged Equity Income ETF

A hedge fund recently raised its stake in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Advisory Services Network LLC increased its holdings in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHFree Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,407 shares of the company’s stock after acquiring an additional 199 shares during the period. Advisory Services Network LLC owned about 0.17% of NEOS Nasdaq-100 Hedged Equity Income ETF worth $619,000 at the end of the most recent reporting period.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Performance

Shares of QQQH traded down $0.03 during trading hours on Friday, reaching $56.09. 36,286 shares of the company traded hands, compared to its average volume of 29,759. The stock’s fifty day moving average is $53.83 and its 200 day moving average is $54.02. NEOS Nasdaq-100 Hedged Equity Income ETF has a 1-year low of $50.08 and a 1-year high of $56.43. The stock has a market cap of $376.92 million, a P/E ratio of 30.94 and a beta of 0.68.

NEOS Nasdaq-100 Hedged Equity Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 29th were issued a $0.4076 dividend. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a c) annualized dividend and a yield of 8.7%.

NEOS Nasdaq-100 Hedged Equity Income ETF Company Profile

(Get Free Report)

The NEOS Nasdaq 100 Hedged Equity Income ETF (QQQH) is an exchange-traded fund that mostly invests in large cap equity. NUSI is an actively-managed portfolio of stocks included in the Nasdaq-100 Index combined with an options collar. The fund seeks to generate current income with some downside protection. QQQH was launched on Dec 19, 2019 and is issued by Neos.

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