NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Down 21.1% in August

Posted by Steven Smith on Sep 17th, 2024

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 28,800 shares, a decrease of 21.1% from the August 15th total of 36,500 shares. Based on an average daily trading volume, of 205,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

A hedge fund recently bought a new stake in NEOS Nasdaq 100 High Income ETF stock. VitalStone Financial LLC acquired a new stake in shares of NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 655 shares of the company’s stock, valued at approximately $33,000.

NEOS Nasdaq 100 High Income ETF Stock Performance

Shares of QQQI stock traded up $0.09 during trading hours on Tuesday, reaching $50.62. The company had a trading volume of 26,366 shares, compared to its average volume of 143,065. The stock’s fifty day simple moving average is $50.30 and its 200 day simple moving average is $50.62. The company has a market capitalization of $388.26 million, a P/E ratio of 30.79 and a beta of 1.09. NEOS Nasdaq 100 High Income ETF has a twelve month low of $45.65 and a twelve month high of $53.70.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Wednesday, August 21st were paid a $0.6443 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.62. This represents a $7.73 annualized dividend and a dividend yield of 15.27%.

NEOS Nasdaq 100 High Income ETF Company Profile

(Get Free Report)

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.