NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Large Drop in Short Interest

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQIGet Free Report) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 1,006,577 shares, a drop of 64.8% from the April 15th total of 2,858,720 shares. Based on an average daily trading volume, of 6,592,717 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the company’s stock are short sold.

NEOS Nasdaq 100 High Income ETF Trading Down 0.9%

NASDAQ QQQI traded down $0.52 during trading on Friday, hitting $56.41. 7,169,450 shares of the company traded hands, compared to its average volume of 6,005,877. NEOS Nasdaq 100 High Income ETF has a 12 month low of $47.87 and a 12 month high of $57.01. The business has a fifty day simple moving average of $52.63 and a 200 day simple moving average of $53.48. The company has a market capitalization of $11.43 billion, a P/E ratio of 32.88 and a beta of 0.91.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 22nd were issued a dividend of $0.6297 per share. This represents a c) annualized dividend and a yield of 13.4%. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.61. The ex-dividend date was Wednesday, April 22nd.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

Several institutional investors have recently bought and sold shares of QQQI. Pin Oak Investment Advisors Inc. raised its holdings in NEOS Nasdaq 100 High Income ETF by 806.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 453 shares of the company’s stock valued at $25,000 after buying an additional 403 shares in the last quarter. Bogart Wealth LLC raised its holdings in NEOS Nasdaq 100 High Income ETF by 2,295.2% during the third quarter. Bogart Wealth LLC now owns 503 shares of the company’s stock valued at $27,000 after buying an additional 482 shares in the last quarter. Hollencrest Capital Management bought a new position in NEOS Nasdaq 100 High Income ETF during the fourth quarter valued at about $28,000. Russell Investments Group Ltd. raised its holdings in NEOS Nasdaq 100 High Income ETF by 66.8% during the fourth quarter. Russell Investments Group Ltd. now owns 709 shares of the company’s stock valued at $38,000 after buying an additional 284 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in NEOS Nasdaq 100 High Income ETF during the third quarter valued at about $56,000.

About NEOS Nasdaq 100 High Income ETF

(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.

Read More

Receive News & Ratings for NEOS Nasdaq 100 High Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEOS Nasdaq 100 High Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.