Short Interest in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Grows By 429.2%

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 203,200 shares, a growth of 429.2% from the February 13th total of 38,400 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 418,100 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in QQQI. AdvisorNet Financial Inc purchased a new stake in NEOS Nasdaq 100 High Income ETF during the 4th quarter worth approximately $30,000. Private Trust Co. NA purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF during the fourth quarter worth $105,000. Creative Financial Designs Inc. ADV increased its position in shares of NEOS Nasdaq 100 High Income ETF by 26.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 4,767 shares of the company’s stock worth $250,000 after acquiring an additional 993 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of NEOS Nasdaq 100 High Income ETF by 24.8% in the fourth quarter. Ameriprise Financial Inc. now owns 33,604 shares of the company’s stock valued at $1,760,000 after acquiring an additional 6,683 shares in the last quarter.

NEOS Nasdaq 100 High Income ETF Trading Up 1.1 %

QQQI stock opened at $48.73 on Thursday. The business’s fifty day moving average price is $52.47 and its 200 day moving average price is $52.05. NEOS Nasdaq 100 High Income ETF has a 12-month low of $45.65 and a 12-month high of $54.47. The company has a market capitalization of $771.40 million, a PE ratio of 31.39 and a beta of 1.09.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.6138 per share. The ex-dividend date of this dividend was Wednesday, February 26th.

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.