NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Down 73.6% in July

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 734,267 shares, a decrease of 73.6% from the July 15th total of 2,785,720 shares. Based on an average trading volume of 6,602,774 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in QQQI. Farther Finance Advisors LLC bought a new position in NEOS Nasdaq 100 High Income ETF during the 4th quarter worth $624,000. FSA Advisors Inc. raised its holdings in NEOS Nasdaq 100 High Income ETF by 80.5% in the 4th quarter. FSA Advisors Inc. now owns 55,410 shares of the company’s stock valued at $2,984,000 after acquiring an additional 24,719 shares in the last quarter. PSI Advisors LLC raised its holdings in NEOS Nasdaq 100 High Income ETF by 48.9% in the 4th quarter. PSI Advisors LLC now owns 68,777 shares of the company’s stock valued at $3,704,000 after acquiring an additional 22,593 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of NEOS Nasdaq 100 High Income ETF during the 1st quarter valued at $3,727,000. Finally, Chung Wu Investment Group LLC lifted its position in shares of NEOS Nasdaq 100 High Income ETF by 15.0% during the 4th quarter. Chung Wu Investment Group LLC now owns 114,456 shares of the company’s stock valued at $6,165,000 after acquiring an additional 14,940 shares during the period.

NEOS Nasdaq 100 High Income ETF Stock Performance

NASDAQ:QQQI traded down $0.01 during mid-day trading on Friday, reaching $55.77. 3,560,650 shares of the company’s stock were exchanged, compared to its average volume of 6,087,927. NEOS Nasdaq 100 High Income ETF has a one year low of $47.87 and a one year high of $57.84. The business’s fifty day simple moving average is $55.09 and its two-hundred day simple moving average is $53.98. The firm has a market capitalization of $14.14 billion, a PE ratio of 32.88 and a beta of 0.95.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 24th. Shareholders of record on Wednesday, July 22nd were given a dividend of $0.6346 per share. The ex-dividend date was Wednesday, July 22nd.

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.