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

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,497,899 shares, an increase of 57.5% from the August 31st total of 951,227 shares. Based on an average daily volume of 3,942,456 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Roble Belko & Company Inc raised its position in shares of NEOS Nasdaq 100 High Income ETF by 65.9% during the 2nd quarter. Roble Belko & Company Inc now owns 549 shares of the company’s stock worth $31,000 after purchasing an additional 218 shares during the last quarter. Markowski Investments purchased a new stake in NEOS Nasdaq 100 High Income ETF during the 2nd quarter worth approximately $58,000. Valeo Financial Advisors LLC purchased a new stake in NEOS Nasdaq 100 High Income ETF during the 2nd quarter worth approximately $206,000. Bank of New York Mellon Corp acquired a new position in shares of NEOS Nasdaq 100 High Income ETF during the first quarter valued at approximately $232,000. Finally, Parallel Advisors LLC raised its holdings in shares of NEOS Nasdaq 100 High Income ETF by 1,401.3% during the first quarter. Parallel Advisors LLC now owns 5,615 shares of the company’s stock valued at $279,000 after acquiring an additional 5,241 shares during the last quarter.

NEOS Nasdaq 100 High Income ETF Stock Up 0.2%

Shares of QQQI stock traded up $0.09 during trading hours on Wednesday, hitting $55.55. 2,945,065 shares of the company’s stock were exchanged, compared to its average volume of 5,756,912. The firm has a market cap of $14.92 billion, a P/E ratio of 32.88 and a beta of 0.95. The firm has a 50 day moving average of $54.43 and a two-hundred day moving average of $54.39. NEOS Nasdaq 100 High Income ETF has a fifty-two week low of $47.87 and a fifty-two week high of $57.84.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 18th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.6339 per share. This is a drop from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.6518. This represents a $7.61 dividend on an annualized basis and a yield of 13.7%. The ex-dividend date was Wednesday, September 16th.

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.