Short Interest in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Grows By 339.2%

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 20,599 shares, an increase of 339.2% from the August 15th total of 4,690 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 29,602 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of 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 raised its position in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

NEOS Nasdaq-100 Hedged Equity Income ETF Trading Up 0.7%

Shares of NASDAQ:QQQH traded up $0.37 during trading on Friday, hitting $54.62. 29,357 shares of the company were exchanged, compared to its average volume of 29,911. NEOS Nasdaq-100 Hedged Equity Income ETF has a fifty-two week low of $50.08 and a fifty-two week high of $56.76. The stock has a market cap of $381.79 million, a price-to-earnings ratio of 30.94 and a beta of 0.68. The firm has a fifty day moving average price of $54.62 and a two-hundred day moving average price of $54.32.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 26th were paid a $0.4084 dividend. This is a boost from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous monthly dividend of $0.40. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date of this dividend was Wednesday, August 26th.

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.