NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Shares Shorted: Short Interest Down 36.1% in September

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 13,164 shares, a decline of 36.1% from the August 31st total of 20,599 shares. Based on an average trading volume of 21,309 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

NEOS Nasdaq-100 Hedged Equity Income ETF Trading Up 0.3%

QQQH stock opened at $55.54 on Thursday. NEOS Nasdaq-100 Hedged Equity Income ETF has a 1-year low of $50.08 and a 1-year high of $56.76. The business’s 50 day simple moving average is $54.64 and its 200 day simple moving average is $54.50. The firm has a market capitalization of $397.67 million, a PE ratio of 30.94 and a beta of 0.68.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Wednesday, September 23rd were given a $0.4190 dividend. The ex-dividend date of this dividend was Wednesday, September 23rd. This is a boost from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous monthly dividend of $0.4084. This represents a $5.03 annualized dividend and a dividend yield of 9.1%.

NEOS Nasdaq-100 Hedged Equity Income ETF Company Profile

The NEOS Nasdaq 100 Hedged Equity Income ETF (QQQH) is an exchange-traded fund that mostly invests in large cap equity. NUSI is an actively-managed portfolio of stocks included in the Nasdaq-100 Index combined with an options collar. The fund seeks to generate current income with some downside protection. QQQH was launched on Dec 19, 2019 and is issued by Neos.