NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Shares Down 1.9% – What’s Next?

Shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) dropped 1.9% during mid-day trading on Thursday. The stock traded as low as $53.82 and last traded at $53.88. Approximately 30,347 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 32,985 shares. The stock had previously closed at $54.92.

NEOS Nasdaq-100 Hedged Equity Income ETF Trading Down 0.1%

The firm has a market cap of $393.15 million, a PE ratio of 30.94 and a beta of 0.68. The stock has a 50 day simple moving average of $54.98 and a 200-day simple moving average of $54.88.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Wednesday, September 23rd were given a dividend of $0.4190 per share. This represents a $5.03 dividend on an annualized basis and a yield of 9.3%. This is a positive change from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous monthly dividend of $0.4084. The ex-dividend date was Wednesday, September 23rd.

Institutional Investors Weigh In On NEOS Nasdaq-100 Hedged Equity Income ETF

A hedge fund recently bought a new stake in NEOS Nasdaq-100 Hedged Equity Income ETF stock. NFSG Corp acquired a new position in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 442 shares of the company’s stock, valued at approximately $25,000.

About NEOS Nasdaq-100 Hedged Equity Income ETF

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.