Short Interest in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Rises By 121.3%

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 13,835 shares, an increase of 121.3% from the January 29th total of 6,251 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 27,077 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 27,077 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

NEOS Nasdaq-100 Hedged Equity Income ETF Trading Down 0.2%

Shares of QQQH stock traded down $0.11 during trading hours on Friday, reaching $53.32. 42,728 shares of the company’s stock were exchanged, compared to its average volume of 32,683. The stock’s 50 day moving average is $54.22 and its 200-day moving average is $54.26. NEOS Nasdaq-100 Hedged Equity Income ETF has a fifty-two week low of $43.02 and a fifty-two week high of $55.90. The company has a market cap of $352.98 million, a price-to-earnings ratio of 30.94 and a beta of 0.62.

NEOS Nasdaq-100 Hedged Equity Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were issued a $0.3992 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) annualized dividend and a yield of 9.0%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Garton & Associates Financial Advisors LLC purchased a new position in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 902 shares of the company’s stock, valued at approximately $49,000.

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.