NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Down 66.6% in May

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 375,077 shares, a decrease of 66.6% from the May 14th total of 1,122,269 shares. Based on an average daily volume of 6,616,034 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

NEOS Nasdaq 100 High Income ETF Price Performance

Shares of QQQI stock traded up $0.39 during trading hours on Friday, reaching $56.14. 7,422,845 shares of the company were exchanged, compared to its average volume of 6,237,957. NEOS Nasdaq 100 High Income ETF has a fifty-two week low of $47.87 and a fifty-two week high of $57.84. The stock’s fifty day moving average is $54.69 and its two-hundred day moving average is $53.73. The company has a market cap of $11.38 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 declared a dividend, which was paid on Friday, May 22nd. Investors of record on Wednesday, May 20th were paid a dividend of $0.6589 per share. This is a positive change from NEOS Nasdaq 100 High Income ETF’s previous dividend of $0.64. The ex-dividend date of this dividend was Wednesday, May 20th.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of QQQI. NewEdge Advisors LLC bought a new stake in shares of NEOS Nasdaq 100 High Income ETF during the first quarter worth approximately $113,000. Captrust Financial Advisors bought a new stake in shares of NEOS Nasdaq 100 High Income ETF during the second quarter worth approximately $296,000. Anfield Capital Management LLC bought a new stake in shares of NEOS Nasdaq 100 High Income ETF during the third quarter worth approximately $101,000. BlueStem Wealth Partners LLC raised its stake in shares of NEOS Nasdaq 100 High Income ETF by 40.9% during the third quarter. BlueStem Wealth Partners LLC now owns 26,805 shares of the company’s stock worth $1,453,000 after buying an additional 7,782 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in shares of NEOS Nasdaq 100 High Income ETF by 76.7% during the third quarter. Integrated Wealth Concepts LLC now owns 9,706 shares of the company’s stock worth $526,000 after buying an additional 4,212 shares during 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.