NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Update

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 1,228,465 shares, a growth of 67.3% from the July 30th total of 734,267 shares. Based on an average daily volume of 4,252,951 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the company’s shares are short sold.

NEOS Nasdaq 100 High Income ETF Stock Down 1.2%

Shares of NASDAQ QQQI traded down $0.64 during midday trading on Tuesday, reaching $53.96. The company had a trading volume of 3,077,426 shares, compared to its average volume of 5,953,800. The firm’s fifty day moving average price is $54.74 and its 200-day moving average price is $54.05. NEOS Nasdaq 100 High Income ETF has a one year low of $47.87 and a one year high of $57.84. The stock has a market cap of $13.68 billion, a PE ratio of 32.88 and a beta of 0.95.

NEOS Nasdaq 100 High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 21st. Investors of record on Wednesday, August 19th were paid a $0.6518 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a c) annualized dividend and a dividend yield of 14.5%.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

Several institutional investors and hedge funds have recently modified their holdings of QQQI. SG Americas Securities LLC bought a new stake in NEOS Nasdaq 100 High Income ETF during the 1st quarter valued at approximately $3,727,000. NewEdge Advisors LLC grew its position in shares of NEOS Nasdaq 100 High Income ETF by 667.6% in the 3rd quarter. NewEdge Advisors LLC now owns 52,887 shares of the company’s stock worth $2,866,000 after buying an additional 45,997 shares during the period. SBI Securities Co. Ltd. purchased a new position in NEOS Nasdaq 100 High Income ETF during the 4th quarter valued at about $2,046,000. Virtue Capital Management LLC increased its stake in shares of NEOS Nasdaq 100 High Income ETF by 3,948.4% during the fourth quarter. Virtue Capital Management LLC now owns 29,837 shares of the company’s stock valued at $1,604,000 after purchasing an additional 29,100 shares in the last quarter. Finally, FSA Advisors Inc. grew its stake in shares of NEOS Nasdaq 100 High Income ETF by 80.5% in the 4th quarter. FSA Advisors Inc. now owns 55,410 shares of the company’s stock worth $2,984,000 after buying an additional 24,719 shares during the last quarter.

About NEOS Nasdaq 100 High Income ETF

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.