NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Significant Decline in Short Interest

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 15,500 shares, a decline of 73.7% from the December 31st total of 59,000 shares. Based on an average daily volume of 263,100 shares, the short-interest ratio is presently 0.1 days.

NEOS Nasdaq 100 High Income ETF Price Performance

NASDAQ QQQI traded up $0.65 during mid-day trading on Tuesday, hitting $52.83. The company’s stock had a trading volume of 446,687 shares, compared to its average volume of 375,516. NEOS Nasdaq 100 High Income ETF has a 52-week low of $45.65 and a 52-week high of $54.28. The stock’s fifty day simple moving average is $52.95 and its two-hundred day simple moving average is $51.61. The firm has a market capitalization of $826.79 million, a P/E ratio of 30.79 and a beta of 1.09.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 24th. Stockholders of record on Wednesday, January 22nd were given a $0.6241 dividend. The ex-dividend date was Wednesday, January 22nd. This is a positive change from NEOS Nasdaq 100 High Income ETF’s previous dividend of $0.62.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

A hedge fund recently bought a new stake in NEOS Nasdaq 100 High Income ETF stock. AdvisorNet Financial Inc acquired a new position in shares of NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 564 shares of the company’s stock, valued at approximately $30,000.

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.