NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Update

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 734,267 shares, a drop of 73.6% from the July 15th total of 2,785,720 shares. Based on an average daily volume of 6,602,774 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in NEOS Nasdaq 100 High Income ETF during the 1st quarter worth approximately $3,727,000. NewEdge Advisors LLC lifted its holdings in shares of NEOS Nasdaq 100 High Income ETF by 667.6% in the third quarter. NewEdge Advisors LLC now owns 52,887 shares of the company’s stock valued at $2,866,000 after purchasing an additional 45,997 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of NEOS Nasdaq 100 High Income ETF in the fourth quarter valued at approximately $2,046,000. Virtue Capital Management LLC boosted its position in shares of NEOS Nasdaq 100 High Income ETF by 3,948.4% during the fourth quarter. Virtue Capital Management LLC now owns 29,837 shares of the company’s stock valued at $1,604,000 after buying an additional 29,100 shares during the last quarter. Finally, FSA Advisors Inc. boosted its position in shares of NEOS Nasdaq 100 High Income ETF by 80.5% during the fourth quarter. FSA Advisors Inc. now owns 55,410 shares of the company’s stock valued at $2,984,000 after buying an additional 24,719 shares during the last quarter.

NEOS Nasdaq 100 High Income ETF Trading Up 0.8%

NASDAQ QQQI traded up $0.44 during mid-day trading on Thursday, hitting $55.81. The company’s stock had a trading volume of 2,722,740 shares, compared to its average volume of 6,097,812. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 32.88 and a beta of 0.95. The company’s 50 day simple moving average is $55.11 and its 200 day simple moving average is $53.95. NEOS Nasdaq 100 High Income ETF has a twelve month low of $47.87 and a twelve month high of $57.84.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 24th. Shareholders of record on Wednesday, July 22nd were paid a $0.6346 dividend. The ex-dividend date of this dividend was Wednesday, July 22nd.

About NEOS Nasdaq 100 High Income ETF

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.