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

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHGet Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 4,690 shares, a drop of 39.6% from the July 30th total of 7,765 shares. Based on an average daily volume of 24,660 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Performance

Shares of NASDAQ:QQQH traded down $0.34 during trading on Tuesday, hitting $54.15. The company’s stock had a trading volume of 9,059 shares, compared to its average volume of 30,249. NEOS Nasdaq-100 Hedged Equity Income ETF has a fifty-two week low of $50.08 and a fifty-two week high of $56.76. The company has a market capitalization of $378.51 million, a PE ratio of 30.94 and a beta of 0.68. The business has a 50 day moving average price of $54.72 and a two-hundred day moving average price of $54.26.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, August 28th. Stockholders of record on Wednesday, August 26th were given a dividend of $0.4084 per share. This is an increase from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous dividend of $0.40. The ex-dividend date was Wednesday, August 26th.

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

An institutional investor recently bought a new position in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Garton & Associates Financial Advisors LLC acquired a new position in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHFree Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 902 shares of the company’s stock, valued at approximately $49,000.

About NEOS Nasdaq-100 Hedged Equity Income ETF

(Get Free Report)

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.

Further Reading

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