NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Significant Decrease in Short Interest

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,006,577 shares, a decrease of 64.8% from the April 15th total of 2,858,720 shares. Based on an average daily volume of 6,592,717 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

Several large investors have recently bought and sold shares of the stock. Chung Wu Investment Group LLC purchased a new position in shares of NEOS Nasdaq 100 High Income ETF in the 3rd quarter valued at about $5,394,000. SG Americas Securities LLC purchased a new position in shares of NEOS Nasdaq 100 High Income ETF in the 1st quarter valued at about $3,727,000. NewEdge Advisors LLC increased its holdings in shares of NEOS Nasdaq 100 High Income ETF by 667.6% in the 3rd quarter. NewEdge Advisors LLC now owns 52,887 shares of the company’s stock valued at $2,866,000 after acquiring an additional 45,997 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of NEOS Nasdaq 100 High Income ETF in the 4th quarter valued at about $2,046,000. Finally, Virtue Capital Management LLC increased its holdings in shares of NEOS Nasdaq 100 High Income ETF by 3,948.4% in the 4th quarter. Virtue Capital Management LLC now owns 29,837 shares of the company’s stock valued at $1,604,000 after acquiring an additional 29,100 shares during the last quarter.

NEOS Nasdaq 100 High Income ETF Stock Up 0.5%

NASDAQ QQQI traded up $0.27 during trading hours on Thursday, hitting $56.93. 4,377,410 shares of the company were exchanged, compared to its average volume of 5,993,047. The company has a 50 day moving average of $52.55 and a two-hundred day moving average of $53.46. NEOS Nasdaq 100 High Income ETF has a 52-week low of $47.87 and a 52-week high of $57.01. The firm has a market cap of $11.54 billion, a price-to-earnings ratio of 32.88 and a beta of 0.91.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The business also recently declared 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 is a positive change from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.61. The ex-dividend date was Wednesday, April 22nd. This represents a c) annualized dividend and a yield of 13.3%.

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.