NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 13,164 shares, a decline of 36.1% from the August 31st total of 20,599 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 21,309 shares, the short-interest ratio is presently 0.6 days.
NEOS Nasdaq-100 Hedged Equity Income ETF Price Performance
NEOS Nasdaq-100 Hedged Equity Income ETF stock traded up $0.41 during mid-day trading on Friday, reaching $55.99. 4,633 shares of the company traded hands, compared to its average volume of 31,935. NEOS Nasdaq-100 Hedged Equity Income ETF has a 52-week low of $50.08 and a 52-week high of $56.76. The firm has a market capitalization of $400.92 million, a price-to-earnings ratio of 30.94 and a beta of 0.68. The firm’s 50 day moving average price is $54.67 and its 200 day moving average price is $54.52.
NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend
The business also recently announced a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Wednesday, September 23rd were paid a dividend of $0.4190 per share. This represents a $5.03 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend was Wednesday, September 23rd. This is a positive change from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous monthly dividend of $0.4084.
About NEOS Nasdaq-100 Hedged Equity Income ETF
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.
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