NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Short Interest Up 118.5% in June

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 35,686 shares, an increase of 118.5% from the May 31st total of 16,336 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 30,532 shares, the days-to-cover ratio is presently 1.2 days.

NEOS Nasdaq-100 Hedged Equity Income ETF Price Performance

NASDAQ:QQQH opened at $55.45 on Thursday. The firm has a market cap of $372.62 million, a PE ratio of 30.94 and a beta of 0.68. The firm has a 50 day simple moving average of $55.36 and a 200-day simple moving average of $54.19. NEOS Nasdaq-100 Hedged Equity Income ETF has a 1-year low of $50.08 and a 1-year high of $56.76.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Wednesday, June 24th were paid a $0.4219 dividend. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend was Wednesday, June 24th. This is an increase from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous monthly dividend of $0.39.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Advisory Services Network LLC lifted its holdings in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,407 shares of the company’s stock after purchasing an additional 199 shares during the quarter. Advisory Services Network LLC owned about 0.17% of NEOS Nasdaq-100 Hedged Equity Income ETF worth $619,000 as of its most recent SEC filing.

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.