NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Up 771.0% in June

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,266,734 shares, a growth of 771.0% from the May 31st total of 375,077 shares. Based on an average daily trading volume, of 8,008,716 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.6% of the company’s stock are short sold.

NEOS Nasdaq 100 High Income ETF Trading Down 1.2%

QQQI opened at $54.69 on Friday. NEOS Nasdaq 100 High Income ETF has a 12-month low of $47.87 and a 12-month high of $57.84. The business’s fifty day simple moving average is $55.69 and its 200-day simple moving average is $53.86. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of 32.88 and a beta of 0.93.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Investors of record on Tuesday, June 16th were paid a $0.6572 dividend. This represents a c) dividend on an annualized basis and a yield of 14.4%. This is a boost from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.63. The ex-dividend date of this dividend was Tuesday, June 16th.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

Several large investors have recently modified their holdings of QQQI. Chung Wu Investment Group LLC increased its holdings in NEOS Nasdaq 100 High Income ETF by 15.0% during the fourth quarter. Chung Wu Investment Group LLC now owns 114,456 shares of the company’s stock valued at $6,165,000 after buying an additional 14,940 shares during the period. SG Americas Securities LLC purchased a new stake in NEOS Nasdaq 100 High Income ETF during the first quarter worth $3,727,000. PSI Advisors LLC lifted its holdings in NEOS Nasdaq 100 High Income ETF by 48.9% during the fourth quarter. PSI Advisors LLC now owns 68,777 shares of the company’s stock worth $3,704,000 after buying an additional 22,593 shares during the period. FSA Advisors Inc. lifted its holdings in NEOS Nasdaq 100 High Income ETF by 9.6% during the first quarter. FSA Advisors Inc. now owns 60,716 shares of the company’s stock worth $3,017,000 after buying an additional 5,306 shares during the period. Finally, NewEdge Advisors LLC boosted its position in NEOS Nasdaq 100 High Income ETF by 667.6% during the 3rd quarter. NewEdge Advisors LLC now owns 52,887 shares of the company’s stock valued at $2,866,000 after acquiring an additional 45,997 shares in the last quarter.

NEOS Nasdaq 100 High Income ETF Company Profile

The NEOS Nasdaq 100 High Income ETF (QQQI) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks high monthly income through NASDAQ-100 stocks and call options, pursuing potential equity growth in a tax-efficient manner. QQQI was launched on Jan 30, 2024 and is issued by Neos.