NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI – Get Free Report) was the recipient of a large increase in short interest in the month of 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 company are sold short. Based on an average daily volume of 5,387,382 shares, the short-interest ratio is presently 0.5 days.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. grew its stake in shares of NEOS Nasdaq 100 High Income ETF by 806.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 453 shares of the company’s stock worth $25,000 after purchasing an additional 403 shares during the period. Hollencrest Capital Management purchased a new position in NEOS Nasdaq 100 High Income ETF in the fourth quarter valued at about $28,000. Russell Investments Group Ltd. lifted its position in shares of NEOS Nasdaq 100 High Income ETF by 66.8% during the 4th quarter. Russell Investments Group Ltd. now owns 709 shares of the company’s stock valued at $38,000 after acquiring an additional 284 shares during the period. SOA Wealth Advisors LLC. lifted its position in shares of NEOS Nasdaq 100 High Income ETF by 25.0% during the 4th quarter. SOA Wealth Advisors LLC. now owns 1,251 shares of the company’s stock valued at $67,000 after acquiring an additional 250 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF during the 1st quarter worth approximately $113,000.
NEOS Nasdaq 100 High Income ETF Stock Down 1.1%
NASDAQ:QQQI traded down $0.61 during midday trading on Friday, reaching $52.73. The stock had a trading volume of 7,345,270 shares, compared to its average volume of 6,193,673. The firm has a fifty day simple moving average of $55.85 and a two-hundred day simple moving average of $53.98. NEOS Nasdaq 100 High Income ETF has a 12-month low of $47.87 and a 12-month high of $57.84. The stock has a market cap of $13.22 billion, a P/E ratio of 32.88 and a beta of 0.92.
NEOS Nasdaq 100 High Income ETF Cuts Dividend
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.
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