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

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 1,497,899 shares, an increase of 57.5% from the August 31st total of 951,227 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 3,942,456 shares, the days-to-cover ratio is currently 0.4 days.

NEOS Nasdaq 100 High Income ETF Price Performance

Shares of NEOS Nasdaq 100 High Income ETF stock traded up $0.12 during trading on Thursday, hitting $55.67. 3,237,841 shares of the company’s stock traded hands, compared to its average volume of 5,743,587. NEOS Nasdaq 100 High Income ETF has a 1 year low of $47.87 and a 1 year high of $57.84. The stock has a market capitalization of $14.95 billion, a P/E ratio of 32.88 and a beta of 0.95. The business has a 50-day simple moving average of $54.45 and a 200-day simple moving average of $54.41.

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NEOS Nasdaq 100 High Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 18th. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.6339 per share. The ex-dividend date was Wednesday, September 16th. This represents a $7.61 annualized dividend and a yield of 13.7%. This is a decrease from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.6518.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

A number of large investors have recently made changes to their positions in the stock. Roble Belko & Company Inc raised its holdings in shares of NEOS Nasdaq 100 High Income ETF by 65.9% during the second quarter. Roble Belko & Company Inc now owns 549 shares of the company’s stock valued at $31,000 after purchasing an additional 218 shares during the last quarter. Markowski Investments bought a new position in NEOS Nasdaq 100 High Income ETF during the second quarter valued at approximately $58,000. Valeo Financial Advisors LLC purchased a new stake in NEOS Nasdaq 100 High Income ETF in the second quarter worth approximately $206,000. Bank of New York Mellon Corp purchased a new stake in NEOS Nasdaq 100 High Income ETF in the first quarter worth approximately $232,000. Finally, Parallel Advisors LLC grew its position in NEOS Nasdaq 100 High Income ETF by 1,401.3% in the 1st quarter. Parallel Advisors LLC now owns 5,615 shares of the company’s stock worth $279,000 after purchasing an additional 5,241 shares during the period.

NEOS Nasdaq 100 High Income ETF Company Profile

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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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