Short Interest in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Declines By 73.7%

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 15,500 shares, a decrease of 73.7% from the December 15th total of 59,000 shares. Based on an average trading volume of 263,100 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

An institutional investor recently bought a new position in NEOS Nasdaq 100 High Income ETF stock. AdvisorNet Financial Inc purchased a new position in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 564 shares of the company’s stock, valued at approximately $30,000.

NEOS Nasdaq 100 High Income ETF Stock Performance

Shares of NASDAQ:QQQI traded down $0.06 during midday trading on Tuesday, hitting $51.92. 250,057 shares of the stock were exchanged, compared to its average volume of 320,429. The business’s fifty day simple moving average is $52.86 and its two-hundred day simple moving average is $51.57. NEOS Nasdaq 100 High Income ETF has a 52-week low of $45.65 and a 52-week high of $54.28. The company has a market capitalization of $759.07 million, a PE ratio of 30.79 and a beta of 1.09.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 24th were paid a $0.6216 dividend. This is a boost from NEOS Nasdaq 100 High Income ETF’s previous dividend of $0.61. The ex-dividend date of this dividend was Tuesday, December 24th.

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.