NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Large Increase in Short Interest

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 2,785,720 shares, an increase of 565.0% from the June 30th total of 418,922 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 5,387,382 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Pin Oak Investment Advisors Inc. grew its position in shares of NEOS Nasdaq 100 High Income ETF by 806.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 453 shares of the company’s stock valued at $25,000 after purchasing an additional 403 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of NEOS Nasdaq 100 High Income ETF during the 4th quarter worth approximately $28,000. Russell Investments Group Ltd. lifted its stake in NEOS Nasdaq 100 High Income ETF by 66.8% in the 4th quarter. Russell Investments Group Ltd. now owns 709 shares of the company’s stock valued at $38,000 after buying an additional 284 shares in the last quarter. SOA Wealth Advisors LLC. lifted its stake in NEOS Nasdaq 100 High Income ETF by 25.0% in the 4th quarter. SOA Wealth Advisors LLC. now owns 1,251 shares of the company’s stock valued at $67,000 after buying an additional 250 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in NEOS Nasdaq 100 High Income ETF during the 1st quarter valued at $113,000.

NEOS Nasdaq 100 High Income ETF Price Performance

NEOS Nasdaq 100 High Income ETF stock traded down $0.61 during trading hours on Friday, hitting $52.73. The stock had a trading volume of 7,345,270 shares, compared to its average volume of 6,193,673. NEOS Nasdaq 100 High Income ETF has a 1-year low of $47.87 and a 1-year high of $57.84. The stock has a market capitalization of $13.22 billion, a price-to-earnings ratio of 32.88 and a beta of 0.92. The stock’s fifty day moving average is $55.85 and its two-hundred day moving average is $53.98.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 24th. Investors of record on Wednesday, July 22nd were paid a $0.6346 dividend. The ex-dividend date of this dividend was Wednesday, July 22nd.

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.