NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Shares Shorted: Short Interest Up 57.5% in September

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 1,497,899 shares, a growth of 57.5% from the August 31st total of 951,227 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,942,456 shares, the days-to-cover ratio is presently 0.4 days.

NEOS Nasdaq 100 High Income ETF Trading Up 0.7%

NEOS Nasdaq 100 High Income ETF stock traded up $0.41 during midday trading on Friday, reaching $56.08. The company’s stock had a trading volume of 1,906,957 shares, compared to its average volume of 5,721,798. The stock has a market cap of $15.06 billion, a PE ratio of 32.88 and a beta of 0.95. NEOS Nasdaq 100 High Income ETF has a 52 week low of $47.87 and a 52 week high of $57.84. The business has a 50-day moving average price of $54.50 and a 200-day moving average price of $54.44.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 18th. Investors of record on Wednesday, September 16th were issued a dividend of $0.6339 per share. This is a drop from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.6518. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $7.61 annualized dividend and a dividend yield of 13.6%.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Roble Belko & Company Inc increased its holdings in shares of NEOS Nasdaq 100 High Income ETF by 65.9% during the second quarter. Roble Belko & Company Inc now owns 549 shares of the company’s stock worth $31,000 after buying an additional 218 shares in the last quarter. Markowski Investments bought a new stake in NEOS Nasdaq 100 High Income ETF during the 2nd quarter worth $58,000. Valeo Financial Advisors LLC bought a new stake in NEOS Nasdaq 100 High Income ETF during the 2nd quarter worth $206,000. Bank of New York Mellon Corp acquired a new position in NEOS Nasdaq 100 High Income ETF in the 1st quarter worth about $232,000. Finally, Parallel Advisors LLC increased its holdings 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 worth $279,000 after purchasing an additional 5,241 shares in the last quarter.

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.