NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Shares Shorted: Short Interest Up 341.5% in October

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 5,156,701 shares, a growth of 341.5% from the September 30th total of 1,168,055 shares. Based on an average daily volume of 4,467,791 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.8% of the shares of the stock are sold short.

NEOS Nasdaq 100 High Income ETF Trading Up 0.3%

Shares of QQQI stock opened at $53.97 on Wednesday. The company’s 50-day moving average price is $54.75 and its 200-day moving average price is $54.18. The stock has a market cap of $15.44 billion, a price-to-earnings ratio of 32.88 and a beta of 0.94. NEOS Nasdaq 100 High Income ETF has a twelve month low of $47.87 and a twelve month high of $57.84.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Wednesday, October 21st were issued a $0.6343 dividend. This represents a $7.61 dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date was Wednesday, October 21st. This is a positive change from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.6339.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

Institutional investors have recently added to or reduced their stakes in the business. Oakworth Capital Inc. acquired a new stake in shares of NEOS Nasdaq 100 High Income ETF in the third quarter valued at approximately $749,000. Root Financial Partners LLC acquired a new stake in NEOS Nasdaq 100 High Income ETF during the third quarter valued at approximately $39,000. SBI Securities Co. Ltd. raised its stake in NEOS Nasdaq 100 High Income ETF by 12.1% during the third quarter. SBI Securities Co. Ltd. now owns 151,349 shares of the company’s stock worth $8,407,000 after acquiring an additional 16,336 shares during the period. City State Bank grew its position in shares of NEOS Nasdaq 100 High Income ETF by 10.0% during the third quarter. City State Bank now owns 2,200 shares of the company’s stock worth $122,000 after acquiring an additional 200 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new stake in NEOS Nasdaq 100 High Income ETF in the third quarter worth about $252,000.

NEOS Nasdaq 100 High Income ETF Company Profile

(Get Free Report)

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.

Further Reading

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