Short Interest in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Expands By 67.3%

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 1,228,465 shares, a growth of 67.3% from the July 30th total of 734,267 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 4,252,951 shares, the days-to-cover ratio is currently 0.3 days.

NEOS Nasdaq 100 High Income ETF Trading Down 1.1%

Shares of NEOS Nasdaq 100 High Income ETF stock opened at $53.99 on Wednesday. NEOS Nasdaq 100 High Income ETF has a twelve month low of $47.87 and a twelve month high of $57.84. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 32.88 and a beta of 0.95. The company has a fifty day moving average price of $54.72 and a 200 day moving average price of $54.06.

NEOS Nasdaq 100 High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 21st. Stockholders of record on Wednesday, August 19th were given a $0.6518 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a c) annualized dividend and a dividend yield of 14.5%.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

A number of large investors have recently modified their holdings of the stock. FSA Advisors Inc. lifted its position in NEOS Nasdaq 100 High Income ETF by 80.5% during the 4th quarter. FSA Advisors Inc. now owns 55,410 shares of the company’s stock worth $2,984,000 after acquiring an additional 24,719 shares in the last quarter. PSI Advisors LLC lifted its position in shares of NEOS Nasdaq 100 High Income ETF by 48.9% during the fourth quarter. PSI Advisors LLC now owns 68,777 shares of the company’s stock worth $3,704,000 after purchasing an additional 22,593 shares in the last quarter. Chung Wu Investment Group LLC lifted its holdings in NEOS Nasdaq 100 High Income ETF by 15.0% in the 4th quarter. Chung Wu Investment Group LLC now owns 114,456 shares of the company’s stock worth $6,165,000 after buying an additional 14,940 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of NEOS Nasdaq 100 High Income ETF during the first quarter valued at about $3,727,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of NEOS Nasdaq 100 High Income ETF during the fourth quarter valued at about $2,046,000.

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.