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

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQIGet Free Report) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 203,200 shares, an increase 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 short sold.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Large investors have recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new position in NEOS Nasdaq 100 High Income ETF during the 4th quarter valued at about $30,000. Creative Financial Designs Inc. ADV raised its holdings 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 valued at $250,000 after buying an additional 993 shares during the last quarter. Private Trust Co. NA acquired a new position in shares of NEOS Nasdaq 100 High Income ETF during the fourth quarter worth approximately $105,000. Finally, Ameriprise Financial Inc. boosted its position in shares of 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 worth $1,760,000 after buying an additional 6,683 shares during the period.

NEOS Nasdaq 100 High Income ETF Price Performance

NASDAQ:QQQI traded up $0.56 during midday trading on Wednesday, reaching $48.75. 428,643 shares of the company traded hands, compared to its average volume of 463,295. The firm has a market capitalization of $771.71 million, a price-to-earnings ratio of 31.39 and a beta of 1.09. The company has a fifty day moving average price of $52.54 and a 200 day moving average price of $52.07. NEOS Nasdaq 100 High Income ETF has a twelve month low of $45.65 and a twelve month 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. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.6138 per share. The ex-dividend date was Wednesday, February 26th.

NEOS Nasdaq 100 High Income ETF Company Profile

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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.

Further Reading

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