NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Sees Significant Drop in Short Interest

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHGet Free Report) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 29,399 shares, a drop of 27.3% from the March 31st total of 40,411 shares. Based on an average daily volume of 25,984 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the company’s stock are sold short.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Up 0.4%

NASDAQ:QQQH traded up $0.23 during trading hours on Friday, reaching $54.31. 46,732 shares of the stock were exchanged, compared to its average volume of 29,831. The stock has a market capitalization of $364.96 million, a P/E ratio of 30.94 and a beta of 0.68. The firm has a 50 day simple moving average of $52.92 and a 200-day simple moving average of $53.93. NEOS Nasdaq-100 Hedged Equity Income ETF has a 52 week low of $49.20 and a 52 week high of $55.90.

NEOS Nasdaq-100 Hedged Equity Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 29th will be paid a dividend of $0.4076 per share. The ex-dividend date is Wednesday, April 29th. This represents a c) annualized dividend and a yield of 9.0%.

Institutional Investors Weigh In On NEOS Nasdaq-100 Hedged Equity Income ETF

A hedge fund recently raised its stake in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Advisory Services Network LLC increased its holdings in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHFree Report) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,407 shares of the company’s stock after acquiring an additional 199 shares during the quarter. Advisory Services Network LLC owned approximately 0.17% of NEOS Nasdaq-100 Hedged Equity Income ETF worth $619,000 at the end of the most recent quarter.

About NEOS Nasdaq-100 Hedged Equity Income ETF

(Get Free Report)

The NEOS Nasdaq 100 Hedged Equity Income ETF (QQQH) is an exchange-traded fund that mostly invests in large cap equity. NUSI is an actively-managed portfolio of stocks included in the Nasdaq-100 Index combined with an options collar. The fund seeks to generate current income with some downside protection. QQQH was launched on Dec 19, 2019 and is issued by Neos.

Further Reading

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