NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Sees Significant Growth in Short Interest

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 35,686 shares, a growth of 118.5% from the May 31st total of 16,336 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 30,532 shares, the days-to-cover ratio is currently 1.2 days.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Down 0.7%

QQQH traded down $0.39 on Wednesday, reaching $55.45. 34,739 shares of the company traded hands, compared to its average volume of 31,025. NEOS Nasdaq-100 Hedged Equity Income ETF has a one year low of $50.08 and a one year high of $56.76. The firm has a fifty day simple moving average of $55.32 and a two-hundred day simple moving average of $54.19. The company has a market cap of $372.62 million, a P/E ratio of 30.94 and a beta of 0.68.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.4219 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend was Wednesday, June 24th. This is a positive change from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous monthly dividend of $0.39.

Institutional Investors Weigh In On NEOS Nasdaq-100 Hedged Equity Income ETF

A hedge fund recently raised its position in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Advisory Services Network LLC increased its holdings in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,407 shares of the company’s stock after buying an additional 199 shares during the period. Advisory Services Network LLC owned about 0.17% of NEOS Nasdaq-100 Hedged Equity Income ETF worth $619,000 as of its most recent filing with the Securities & Exchange Commission.

NEOS Nasdaq-100 Hedged Equity Income ETF Company Profile

The NEOS Nasdaq 100 Hedged Equity Income ETF (QQQH) is an exchange-traded fund that mostly invests in large cap equity. NUSI is an actively-managed portfolio of stocks included in the Nasdaq-100 Index combined with an options collar. The fund seeks to generate current income with some downside protection. QQQH was launched on Dec 19, 2019 and is issued by Neos.