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

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 6,251 shares, a decrease of 83.7% from the January 15th total of 38,264 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 37,256 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 37,256 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Performance

Shares of NASDAQ QQQH traded down $0.23 during midday trading on Tuesday, hitting $53.79. 22,616 shares of the stock traded hands, compared to its average volume of 35,737. The firm has a market capitalization of $356.09 million, a P/E ratio of 30.94 and a beta of 0.62. NEOS Nasdaq-100 Hedged Equity Income ETF has a one year low of $43.02 and a one year high of $55.90. The firm has a 50-day moving average of $54.50 and a two-hundred day moving average of $54.24.

NEOS Nasdaq-100 Hedged Equity Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 28th were given a $0.411 dividend. The ex-dividend date was Wednesday, January 28th.

About NEOS Nasdaq-100 Hedged Equity Income ETF

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.