NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Short Interest Down 85.1% in June

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 5,310 shares, a decline of 85.1% from the June 15th total of 35,686 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 43,433 shares, the days-to-cover ratio is currently 0.1 days.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Performance

NEOS Nasdaq-100 Hedged Equity Income ETF stock traded up $0.15 during midday trading on Friday, hitting $55.68. 21,608 shares of the company were exchanged, compared to its average volume of 31,198. The firm has a market capitalization of $386.98 million, a PE ratio of 30.94 and a beta of 0.68. 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 business has a fifty day simple moving average of $55.50 and a two-hundred day simple moving average of $54.24.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

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

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

A hedge fund recently bought a new position in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Garton & Associates Financial Advisors LLC bought a new stake in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 902 shares of the company’s stock, valued at approximately $49,000.

About NEOS Nasdaq-100 Hedged Equity Income ETF

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.