NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Significant Decrease in Short Interest

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 1,006,577 shares, a decrease of 64.8% from the April 15th total of 2,858,720 shares. Based on an average trading volume of 6,592,717 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the company’s shares are short sold.

NEOS Nasdaq 100 High Income ETF Trading Up 0.5%

QQQI traded up $0.27 during mid-day trading on Thursday, hitting $56.93. 4,377,410 shares of the stock were exchanged, compared to its average volume of 5,993,047. The firm’s fifty day moving average is $52.55 and its two-hundred day moving average is $53.46. NEOS Nasdaq 100 High Income ETF has a 1-year low of $47.87 and a 1-year high of $57.01. The company has a market cap of $11.54 billion, a PE ratio of 32.88 and a beta of 0.91.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 22nd were paid a dividend of $0.6297 per share. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend was Wednesday, April 22nd. This is a positive change from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.61.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

Several hedge funds have recently bought and sold shares of QQQI. Chung Wu Investment Group LLC purchased a new stake in NEOS Nasdaq 100 High Income ETF during the 3rd quarter worth about $5,394,000. SG Americas Securities LLC purchased a new stake in NEOS Nasdaq 100 High Income ETF during the 1st quarter worth about $3,727,000. NewEdge Advisors LLC increased its holdings in NEOS Nasdaq 100 High Income ETF by 667.6% during the 3rd quarter. NewEdge Advisors LLC now owns 52,887 shares of the company’s stock worth $2,866,000 after purchasing an additional 45,997 shares during the period. SBI Securities Co. Ltd. purchased a new stake in NEOS Nasdaq 100 High Income ETF during the 4th quarter worth about $2,046,000. Finally, Virtue Capital Management LLC increased its holdings in NEOS Nasdaq 100 High Income ETF by 3,948.4% during the 4th quarter. Virtue Capital Management LLC now owns 29,837 shares of the company’s stock worth $1,604,000 after purchasing an additional 29,100 shares during the period.

NEOS Nasdaq 100 High Income ETF Company Profile

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.