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

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the recipient of a large growth in short interest in the month of 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. Based on an average daily volume of 418,100 shares, the short-interest ratio is currently 0.5 days. Approximately 1.3% of the shares of the company are sold short.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Institutional investors and hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc purchased a new position in shares of NEOS Nasdaq 100 High Income ETF in the fourth quarter valued at about $30,000. Private Trust Co. NA purchased a new position in shares of NEOS Nasdaq 100 High Income ETF during the fourth quarter valued at about $105,000. Creative Financial Designs Inc. ADV lifted its position in shares of NEOS Nasdaq 100 High Income ETF by 26.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 4,767 shares of the company’s stock worth $250,000 after buying an additional 993 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in NEOS Nasdaq 100 High Income ETF by 24.8% during the fourth quarter. Ameriprise Financial Inc. now owns 33,604 shares of the company’s stock valued at $1,760,000 after buying an additional 6,683 shares during the last quarter.

NEOS Nasdaq 100 High Income ETF Trading Up 2.1 %

NASDAQ QQQI traded up $0.99 on Friday, hitting $48.84. 232,974 shares of the company traded hands, compared to its average volume of 460,078. The business’s 50 day moving average price is $52.38 and its 200-day moving average price is $52.02. The company has a market capitalization of $773.14 million, a price-to-earnings ratio of 31.39 and a beta of 1.09. NEOS Nasdaq 100 High Income ETF has a 52-week low of $45.65 and a 52-week high of $54.47.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

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

NEOS Nasdaq 100 High Income ETF Company Profile

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.