NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Up 771.0% in June

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,266,734 shares, an increase of 771.0% from the May 31st total of 375,077 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 8,008,716 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of QQQI. Parallel Advisors LLC boosted its stake in NEOS Nasdaq 100 High Income ETF by 1,401.3% during the 1st quarter. Parallel Advisors LLC now owns 5,615 shares of the company’s stock worth $279,000 after purchasing an additional 5,241 shares during the period. Arkadios Wealth Advisors increased its stake in NEOS Nasdaq 100 High Income ETF by 20.3% in the first quarter. Arkadios Wealth Advisors now owns 10,757 shares of the company’s stock valued at $535,000 after purchasing an additional 1,816 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of NEOS Nasdaq 100 High Income ETF by 59.7% in the first quarter. Sunbelt Securities Inc. now owns 12,862 shares of the company’s stock valued at $639,000 after buying an additional 4,806 shares during the last quarter. FSA Advisors Inc. raised its holdings in shares of NEOS Nasdaq 100 High Income ETF by 9.6% in the first quarter. FSA Advisors Inc. now owns 60,716 shares of the company’s stock valued at $3,017,000 after buying an additional 5,306 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of NEOS Nasdaq 100 High Income ETF during the first quarter worth about $232,000.

NEOS Nasdaq 100 High Income ETF Stock Down 1.2%

NASDAQ:QQQI traded down $0.64 during mid-day trading on Friday, reaching $54.69. 5,138,118 shares of the stock were exchanged, compared to its average volume of 6,274,021. The stock has a market capitalization of $11.08 billion, a P/E ratio of 32.88 and a beta of 0.93. NEOS Nasdaq 100 High Income ETF has a 1 year low of $47.87 and a 1 year high of $57.84. The company has a 50 day simple moving average of $55.69 and a 200-day simple moving average of $53.86.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 18th. Stockholders of record on Tuesday, June 16th were issued a $0.6572 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend was Tuesday, June 16th. This is a positive change from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.63.

NEOS Nasdaq 100 High Income ETF Company Profile

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.