NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Short Interest Update

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) was the target of a large increase in short interest in the month of 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. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,532 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of NEOS Nasdaq-100 Hedged Equity Income ETF

An institutional investor recently bought a new stake in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Garton & Associates Financial Advisors LLC purchased a new position in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 902 shares of the company’s stock, valued at approximately $49,000.

NEOS Nasdaq-100 Hedged Equity Income ETF Price Performance

Shares of NASDAQ:QQQH opened at $55.22 on Tuesday. The business’s 50 day moving average price is $55.29 and its 200-day moving average price is $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. The firm has a market capitalization of $371.08 million, a price-to-earnings ratio of 30.94 and a beta of 0.68.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 24th were given a $0.4219 dividend. This represents a c) annualized dividend and a dividend yield of 9.2%. This is a positive change from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous monthly dividend of $0.39. The ex-dividend date was Wednesday, June 24th.

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.