Short Interest in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Expands By 339.2%

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 20,599 shares, a growth of 339.2% from the August 15th total of 4,690 shares. Based on an average daily volume of 29,602 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are sold short.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Performance

NEOS Nasdaq-100 Hedged Equity Income ETF stock opened at $54.62 on Friday. NEOS Nasdaq-100 Hedged Equity Income ETF has a fifty-two week low of $50.08 and a fifty-two week high of $56.76. The company has a market capitalization of $381.79 million, a P/E ratio of 30.94 and a beta of 0.68. The stock has a 50-day simple moving average of $54.62 and a 200-day simple moving average of $54.32.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 26th were paid a dividend of $0.4084 per share. The ex-dividend date was Wednesday, August 26th. This represents a c) dividend on an annualized basis and a yield of 9.0%. This is a boost from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous monthly dividend of $0.40.

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

A hedge fund recently bought a new stake in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Garton & Associates Financial Advisors LLC bought a new position in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 902 shares of the company’s stock, valued at approximately $49,000.

About NEOS Nasdaq-100 Hedged Equity Income ETF

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.