Short Interest in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Decreases By 66.6%

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 375,077 shares, a decrease of 66.6% from the May 14th total of 1,122,269 shares. Based on an average daily trading volume, of 6,616,034 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

A number of hedge funds have recently modified their holdings of the business. Parallel Advisors LLC raised its position in shares of NEOS Nasdaq 100 High Income ETF by 1,401.3% during the first quarter. Parallel Advisors LLC now owns 5,615 shares of the company’s stock worth $279,000 after purchasing an additional 5,241 shares during the period. Arkadios Wealth Advisors raised its position in shares of NEOS Nasdaq 100 High Income ETF by 20.3% during the first quarter. Arkadios Wealth Advisors now owns 10,757 shares of the company’s stock worth $535,000 after purchasing an additional 1,816 shares during the period. Sunbelt Securities Inc. raised its position in shares of NEOS Nasdaq 100 High Income ETF by 59.7% during the first quarter. Sunbelt Securities Inc. now owns 12,862 shares of the company’s stock worth $639,000 after purchasing an additional 4,806 shares during the period. FSA Advisors Inc. raised its position in shares of NEOS Nasdaq 100 High Income ETF by 9.6% during the first quarter. FSA Advisors Inc. now owns 60,716 shares of the company’s stock worth $3,017,000 after purchasing an additional 5,306 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of NEOS Nasdaq 100 High Income ETF during the first quarter worth about $232,000.

NEOS Nasdaq 100 High Income ETF Trading Down 1.9%

NASDAQ:QQQI opened at $54.18 on Thursday. NEOS Nasdaq 100 High Income ETF has a 1-year low of $47.87 and a 1-year high of $57.84. The business’s 50-day moving average price is $54.57 and its two-hundred day moving average price is $53.71. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 32.88 and a beta of 0.93.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 22nd. Stockholders of record on Wednesday, May 20th were given a dividend of $0.6589 per share. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous dividend of $0.64. The ex-dividend date of this dividend was Wednesday, May 20th.

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.