Short Interest in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Decreases By 66.6%

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 375,077 shares, a drop of 66.6% from the May 14th total of 1,122,269 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 6,616,034 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised 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 valued at $279,000 after buying an additional 5,241 shares during the last quarter. Arkadios Wealth Advisors raised its position in NEOS Nasdaq 100 High Income ETF by 20.3% in the 1st quarter. Arkadios Wealth Advisors now owns 10,757 shares of the company’s stock valued at $535,000 after buying an additional 1,816 shares during the last quarter. Sunbelt Securities Inc. raised its position in NEOS Nasdaq 100 High Income ETF by 59.7% in the 1st quarter. Sunbelt Securities Inc. now owns 12,862 shares of the company’s stock valued at $639,000 after buying an additional 4,806 shares during the last quarter. FSA Advisors Inc. raised its position in NEOS Nasdaq 100 High Income ETF by 9.6% in the 1st quarter. FSA Advisors Inc. now owns 60,716 shares of the company’s stock valued at $3,017,000 after buying an additional 5,306 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in NEOS Nasdaq 100 High Income ETF in the 1st quarter valued at approximately $232,000.

NEOS Nasdaq 100 High Income ETF Price Performance

NASDAQ QQQI opened at $54.18 on Thursday. The firm has a market cap of $10.98 billion, a P/E ratio of 32.88 and a beta of 0.93. The stock’s 50-day moving average is $54.57 and its 200-day moving average is $53.71. NEOS Nasdaq 100 High Income ETF has a one year low of $47.87 and a one year high of $57.84.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 22nd. Investors of record on Wednesday, May 20th were given a $0.6589 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This is a boost from NEOS Nasdaq 100 High Income ETF’s previous dividend of $0.64.

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.