NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Up 85.8% in May

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 462,200 shares, an increase of 85.8% from the May 15th total of 248,700 shares. Based on an average daily trading volume, of 1,017,700 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.7% of the shares of the stock are short sold.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

Several hedge funds have recently added to or reduced their stakes in the company. City State Bank acquired a new position in NEOS Nasdaq 100 High Income ETF during the 1st quarter valued at about $47,000. AdvisorNet Financial Inc lifted its holdings in NEOS Nasdaq 100 High Income ETF by 220.9% in the first quarter. AdvisorNet Financial Inc now owns 1,810 shares of the company’s stock valued at $86,000 after buying an additional 1,246 shares during the period. Private Trust Co. NA bought a new position in NEOS Nasdaq 100 High Income ETF in the fourth quarter valued at approximately $105,000. NewEdge Advisors LLC acquired a new stake in NEOS Nasdaq 100 High Income ETF during the 1st quarter worth $113,000. Finally, Creative Financial Designs Inc. ADV raised its position in shares of NEOS Nasdaq 100 High Income ETF by 26.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 4,767 shares of the company’s stock valued at $250,000 after acquiring an additional 993 shares during the last quarter.

NEOS Nasdaq 100 High Income ETF Stock Up 1.0%

NASDAQ:QQQI traded up $0.51 during trading hours on Monday, hitting $51.47. 1,763,850 shares of the stock were exchanged, compared to its average volume of 825,711. The company has a market capitalization of $2.18 billion, a P/E ratio of 31.51 and a beta of 1.09. The company’s 50 day moving average is $48.70 and its two-hundred day moving average is $50.65. NEOS Nasdaq 100 High Income ETF has a twelve month low of $41.17 and a twelve month high of $54.47.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 23rd. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.6374 per share. This represents a $7.65 annualized dividend and a dividend yield of 14.86%. The ex-dividend date of this dividend was Wednesday, May 21st. This is a positive change from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.53.

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.