Short Interest in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Rises By 74.3%

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,440,000 shares, an increase of 74.3% from the August 31st total of 826,200 shares. Based on an average daily volume of 2,916,800 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 2,916,800 shares, the days-to-cover ratio is presently 0.5 days.

NEOS Nasdaq 100 High Income ETF Price Performance

QQQI stock opened at $54.50 on Wednesday. The company has a market capitalization of $5.28 billion, a P/E ratio of 32.88 and a beta of 1.09. The business has a 50-day moving average price of $53.48 and a 200 day moving average price of $50.98. NEOS Nasdaq 100 High Income ETF has a 1-year low of $41.17 and a 1-year high of $54.84.

NEOS Nasdaq 100 High Income ETF Announces Dividend

The company also recently announced a — dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 24th were given a $0.6411 dividend. The ex-dividend date was Wednesday, September 24th. This represents a yield of 1,360.0%.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

A number of large investors have recently bought and sold shares of QQQI. Private Trust Co. NA raised its stake in NEOS Nasdaq 100 High Income ETF by 73.7% in the 1st quarter. Private Trust Co. NA now owns 3,474 shares of the company’s stock valued at $165,000 after purchasing an additional 1,474 shares during the last quarter. City State Bank purchased a new position in NEOS Nasdaq 100 High Income ETF during the 1st quarter valued at about $47,000. Capital & Planning LLC purchased a new position in NEOS Nasdaq 100 High Income ETF during the 2nd quarter valued at about $246,000. Nations Financial Group Inc. IA ADV acquired a new stake in NEOS Nasdaq 100 High Income ETF in the 1st quarter valued at about $387,000. Finally, AdvisorNet Financial Inc raised its position in NEOS Nasdaq 100 High Income ETF by 356.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 8,266 shares of the company’s stock valued at $430,000 after purchasing an additional 6,456 shares in 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.