NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Trading 0.1% Higher – Here’s What Happened

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI)’s share price shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $52.80 and last traded at $52.50. 3,788,015 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 5,833,088 shares. The stock had previously closed at $52.44.

NEOS Nasdaq 100 High Income ETF Price Performance

The firm’s 50 day moving average is $53.21 and its 200 day moving average is $53.87. The company has a market cap of $7.87 billion, a PE ratio of 32.88 and a beta of 0.88.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 20th. Shareholders of record on Wednesday, February 18th were issued a $0.614 dividend. This represents a c) annualized dividend and a yield of 14.3%. The ex-dividend date of this dividend was Wednesday, February 18th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. raised its position in shares of NEOS Nasdaq 100 High Income ETF by 79.5% in the fourth quarter. Sunbelt Securities Inc. now owns 8,056 shares of the company’s stock worth $434,000 after buying an additional 3,568 shares in the last quarter. Virtue Capital Management LLC grew its position in NEOS Nasdaq 100 High Income ETF by 3,948.4% during the fourth quarter. Virtue Capital Management LLC now owns 29,837 shares of the company’s stock worth $1,604,000 after buying an additional 29,100 shares in the last quarter. Uniplan Investment Counsel Inc. bought a new position in NEOS Nasdaq 100 High Income ETF in the 4th quarter worth about $414,000. Advisory Services Network LLC increased its stake in NEOS Nasdaq 100 High Income ETF by 17,864.0% in the 4th quarter. Advisory Services Network LLC now owns 4,491 shares of the company’s stock worth $242,000 after acquiring an additional 4,466 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of NEOS Nasdaq 100 High Income ETF by 66.8% in the 4th quarter. Russell Investments Group Ltd. now owns 709 shares of the company’s stock valued at $38,000 after acquiring an additional 284 shares in the last quarter.

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.