NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Up 771.0% in June

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,266,734 shares, a growth of 771.0% from the May 31st total of 375,077 shares. Based on an average daily trading volume, of 8,008,716 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.6% of the company’s shares are short sold.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Chung Wu Investment Group LLC boosted its holdings in shares of NEOS Nasdaq 100 High Income ETF by 15.0% in the 4th quarter. Chung Wu Investment Group LLC now owns 114,456 shares of the company’s stock valued at $6,165,000 after purchasing an additional 14,940 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of NEOS Nasdaq 100 High Income ETF during the 1st quarter worth $3,727,000. PSI Advisors LLC increased its holdings in shares of NEOS Nasdaq 100 High Income ETF by 48.9% during the 4th quarter. PSI Advisors LLC now owns 68,777 shares of the company’s stock worth $3,704,000 after buying an additional 22,593 shares during the last quarter. FSA Advisors Inc. raised its position in shares of NEOS Nasdaq 100 High Income ETF by 9.6% in the 1st quarter. FSA Advisors Inc. now owns 60,716 shares of the company’s stock worth $3,017,000 after buying an additional 5,306 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of NEOS Nasdaq 100 High Income ETF by 667.6% in the 3rd quarter. NewEdge Advisors LLC now owns 52,887 shares of the company’s stock worth $2,866,000 after buying an additional 45,997 shares during the period.

NEOS Nasdaq 100 High Income ETF Trading Up 0.7%

Shares of NASDAQ:QQQI opened at $55.33 on Friday. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 32.88 and a beta of 0.93. The stock’s 50-day moving average price is $55.66 and its two-hundred day moving average price is $53.85. NEOS Nasdaq 100 High Income ETF has a 12-month low of $47.87 and a 12-month high of $57.84.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 18th. Investors of record on Tuesday, June 16th were given a $0.6572 dividend. This is a boost from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.63. This represents a c) annualized dividend and a dividend yield of 14.3%. The ex-dividend date of this dividend was Tuesday, June 16th.

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.