NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Down 87.2% in June

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 418,922 shares, a drop of 87.2% from the June 15th total of 3,266,734 shares. Based on an average daily trading volume, of 6,011,736 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

NEOS Nasdaq 100 High Income ETF Price Performance

QQQI traded down $0.94 during trading on Monday, hitting $55.42. The company had a trading volume of 6,766,667 shares, compared to its average volume of 6,196,462. 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 market cap of $12.95 billion, a PE ratio of 32.88 and a beta of 0.92. The business has a 50-day moving average of $56.12 and a 200-day moving average of $53.96.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 18th. Stockholders of record on Tuesday, June 16th were paid a $0.6572 dividend. This is a boost from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.63. The ex-dividend date was Tuesday, June 16th. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

A number of hedge funds have recently bought and sold shares of QQQI. Janney Montgomery Scott LLC increased its holdings in NEOS Nasdaq 100 High Income ETF by 2.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,811 shares of the company’s stock valued at $528,000 after buying an additional 233 shares during the last quarter. SOA Wealth Advisors LLC. lifted its holdings in NEOS Nasdaq 100 High Income ETF by 25.0% during the 4th quarter. SOA Wealth Advisors LLC. now owns 1,251 shares of the company’s stock worth $67,000 after buying an additional 250 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of NEOS Nasdaq 100 High Income ETF by 66.8% in the 4th quarter. Russell Investments Group Ltd. now owns 709 shares of the company’s stock worth $38,000 after acquiring an additional 284 shares in the last quarter. Capital Planning LLC increased its holdings in shares of NEOS Nasdaq 100 High Income ETF by 3.2% in the 1st quarter. Capital Planning LLC now owns 9,617 shares of the company’s stock valued at $478,000 after acquiring an additional 295 shares during the last quarter. Finally, Novak & Powell Financial Services Inc. increased its holdings in shares of NEOS Nasdaq 100 High Income ETF by 5.2% in the 4th quarter. Novak & Powell Financial Services Inc. now owns 6,100 shares of the company’s stock valued at $329,000 after acquiring an additional 300 shares during the last quarter.

About NEOS Nasdaq 100 High Income ETF

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.