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

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 5,310 shares, a drop of 85.1% from the June 15th total of 35,686 shares. Based on an average daily trading volume, of 43,433 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Performance

QQQH traded down $0.58 during trading on Monday, hitting $55.10. The stock had a trading volume of 19,190 shares, compared to its average volume of 31,106. The firm has a market capitalization of $384.05 million, a P/E ratio of 30.94 and a beta of 0.68. NEOS Nasdaq-100 Hedged Equity Income ETF has a twelve month low of $50.08 and a twelve month high of $56.76. The company’s 50-day moving average price is $55.52 and its 200 day moving average price is $54.24.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 24th were issued a $0.4219 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This is a positive change from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous monthly dividend of $0.39. This represents a c) annualized dividend and a dividend yield of 9.2%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Advisory Services Network LLC increased its position in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,407 shares of the company’s stock after purchasing an additional 199 shares during the period. Advisory Services Network LLC owned approximately 0.17% of NEOS Nasdaq-100 Hedged Equity Income ETF worth $619,000 as of its most recent SEC filing.

NEOS Nasdaq-100 Hedged Equity Income ETF Company Profile

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.