NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Down 45.1% in March

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 111,600 shares, a decline of 45.1% from the February 28th total of 203,200 shares. Based on an average daily volume of 477,100 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the company’s shares are short sold.

NEOS Nasdaq 100 High Income ETF Stock Performance

Shares of NASDAQ:QQQI traded down $1.24 during trading on Friday, reaching $47.44. 846,576 shares of the stock were exchanged, compared to its average volume of 500,961. NEOS Nasdaq 100 High Income ETF has a 12-month low of $45.65 and a 12-month high of $54.47. The firm’s 50-day moving average price is $51.58 and its 200 day moving average price is $51.96. The firm has a market cap of $750.98 million, a price-to-earnings ratio of 31.08 and a beta of 1.09.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 26th were given a $0.5867 dividend. This represents a $7.04 annualized dividend and a dividend yield of 14.84%. The ex-dividend date of this dividend was Wednesday, March 26th.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

A number of hedge funds have recently made changes to their positions in QQQI. AdvisorNet Financial Inc acquired a new position in shares of NEOS Nasdaq 100 High Income ETF during the fourth quarter worth $30,000. Private Trust Co. NA acquired a new position in NEOS Nasdaq 100 High Income ETF in the fourth quarter worth about $105,000. Creative Financial Designs Inc. ADV increased its holdings in NEOS Nasdaq 100 High Income ETF by 26.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 4,767 shares of the company’s stock valued at $250,000 after buying an additional 993 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in NEOS Nasdaq 100 High Income ETF by 24.8% during the fourth quarter. Ameriprise Financial Inc. now owns 33,604 shares of the company’s stock valued at $1,760,000 after buying an additional 6,683 shares in the last quarter.

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.