NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Significant Decline in Short Interest

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 111,600 shares, a decrease of 45.1% from the February 28th total of 203,200 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 477,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in QQQI. Ameriprise Financial Inc. boosted its position in 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 buying an additional 6,683 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake 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 valued at $250,000 after acquiring an additional 993 shares during the last quarter. Private Trust Co. NA bought a new position in shares of NEOS Nasdaq 100 High Income ETF in the fourth quarter valued at approximately $105,000. Finally, AdvisorNet Financial Inc acquired a new position in shares of NEOS Nasdaq 100 High Income ETF in the 4th quarter worth approximately $30,000.

NEOS Nasdaq 100 High Income ETF Price Performance

Shares of NEOS Nasdaq 100 High Income ETF stock traded down $1.24 during midday trading on Friday, hitting $47.44. 846,576 shares of the company were exchanged, compared to its average volume of 500,961. The firm has a 50 day simple moving average of $51.58 and a 200-day simple moving average of $51.96. The firm has a market cap of $750.98 million, a P/E ratio of 31.08 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 business also recently disclosed a monthly dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.5867 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 14.84%.

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.