NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Short Interest Up 121.4% in May

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHGet Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 16,097 shares, an increase of 121.4% from the April 30th total of 7,272 shares. Based on an average daily trading volume, of 30,937 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

NEOS Nasdaq-100 Hedged Equity Income ETF Price Performance

NEOS Nasdaq-100 Hedged Equity Income ETF stock traded up $0.17 during trading on Monday, reaching $56.26. 11,759 shares of the company were exchanged, compared to its average volume of 29,582. NEOS Nasdaq-100 Hedged Equity Income ETF has a 52-week low of $50.08 and a 52-week high of $56.43. The company has a market capitalization of $378.07 million, a P/E ratio of 30.94 and a beta of 0.68. The stock’s 50 day simple moving average is $53.83 and its two-hundred day simple moving average is $54.01.

NEOS Nasdaq-100 Hedged Equity Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 29th were given a dividend of $0.4076 per share. The ex-dividend date was Wednesday, April 29th. This represents a c) dividend on an annualized basis and a yield of 8.7%.

Hedge Funds Weigh In On NEOS Nasdaq-100 Hedged Equity Income ETF

An institutional investor recently bought a new position in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Garton & Associates Financial Advisors LLC purchased a new position in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 902 shares of the company’s stock, valued at approximately $49,000.

NEOS Nasdaq-100 Hedged Equity Income ETF Company Profile

(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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