NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Large Drop in Short Interest

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 734,267 shares, a decrease 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. Approximately 0.3% of the company’s shares are sold short.

NEOS Nasdaq 100 High Income ETF Trading Up 0.8%

NASDAQ QQQI traded up $0.44 during trading hours on Thursday, hitting $55.81. 2,722,740 shares of the company’s stock were exchanged, compared to its average volume of 6,097,812. The stock has a 50-day simple moving average of $55.11 and a 200 day simple moving average of $53.95. NEOS Nasdaq 100 High Income ETF has a 1-year low of $47.87 and a 1-year high of $57.84. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 32.88 and a beta of 0.95.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

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

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Several hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in shares of NEOS Nasdaq 100 High Income ETF by 2.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,811 shares of the company’s stock valued at $528,000 after buying an additional 233 shares during the period. Russell Investments Group Ltd. raised its stake in NEOS Nasdaq 100 High Income ETF by 66.8% during the 4th quarter. Russell Investments Group Ltd. now owns 709 shares of the company’s stock worth $38,000 after buying an additional 284 shares during the period. Capital Planning LLC boosted its holdings in NEOS Nasdaq 100 High Income ETF by 3.2% in the first quarter. Capital Planning LLC now owns 9,617 shares of the company’s stock worth $478,000 after acquiring an additional 295 shares in the last quarter. Novak & Powell Financial Services Inc. boosted its holdings in NEOS Nasdaq 100 High Income ETF by 5.2% in the fourth quarter. Novak & Powell Financial Services Inc. now owns 6,100 shares of the company’s stock worth $329,000 after acquiring an additional 300 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. grew its stake in NEOS Nasdaq 100 High Income ETF by 806.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 453 shares of the company’s stock valued at $25,000 after acquiring an additional 403 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.