NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Short Interest Down 39.6% in August

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 4,690 shares, a decrease of 39.6% from the July 30th total of 7,765 shares. Based on an average daily volume of 24,660 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Performance

NASDAQ:QQQH traded down $0.10 on Monday, hitting $54.52. 6,520 shares of the stock were exchanged, compared to its average volume of 30,274. The company’s 50-day moving average price is $54.75 and its 200 day moving average price is $54.25. NEOS Nasdaq-100 Hedged Equity Income ETF has a 52 week low of $50.08 and a 52 week high of $56.76. The stock has a market capitalization of $381.09 million, a price-to-earnings ratio of 30.94 and a beta of 0.68.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 26th were issued a $0.4084 dividend. This is a boost from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous dividend of $0.40. The ex-dividend date was Wednesday, August 26th.

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

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

NEOS Nasdaq-100 Hedged Equity Income ETF Company Profile

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.