NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Update

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 106,400 shares, a decline of 37.5% from the March 31st total of 170,300 shares. Based on an average daily trading volume, of 679,200 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

Several large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in shares of NEOS Nasdaq 100 High Income ETF by 24.8% in the 4th quarter. Ameriprise Financial Inc. now owns 33,604 shares of the company’s stock worth $1,760,000 after purchasing an additional 6,683 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in NEOS Nasdaq 100 High Income ETF by 26.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 4,767 shares of the company’s stock worth $250,000 after buying an additional 993 shares during the last quarter. Private Trust Co. NA raised its position in NEOS Nasdaq 100 High Income ETF by 73.7% in the 1st quarter. Private Trust Co. NA now owns 3,474 shares of the company’s stock worth $165,000 after buying an additional 1,474 shares during the last quarter. AdvisorNet Financial Inc raised its position in NEOS Nasdaq 100 High Income ETF by 220.9% in the 1st quarter. AdvisorNet Financial Inc now owns 1,810 shares of the company’s stock worth $86,000 after buying an additional 1,246 shares during the last quarter. Finally, City State Bank bought a new stake in shares of NEOS Nasdaq 100 High Income ETF during the 1st quarter valued at about $47,000.

NEOS Nasdaq 100 High Income ETF Trading Up 0.1 %

Shares of QQQI stock opened at $47.40 on Tuesday. The company’s fifty day moving average price is $48.06 and its 200-day moving average price is $51.12. The stock has a market cap of $1.28 billion, a PE ratio of 28.76 and a beta of 1.09. NEOS Nasdaq 100 High Income ETF has a 12 month low of $41.17 and a 12 month high of $54.47.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 25th. Stockholders of record on Wednesday, April 23rd were given a $0.5309 dividend. This represents a $6.37 annualized dividend and a dividend yield of 13.44%. The ex-dividend date of this dividend was Wednesday, April 23rd.

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.