NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Unusually-High Trading Volume – Still a Buy?

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) shares saw an uptick in trading volume on Friday . 1,977,198 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 2,365,755 shares.The stock last traded at $54.57 and had previously closed at $54.55.

NEOS Nasdaq 100 High Income ETF Trading Up 0.0%

The company has a market cap of $5.84 billion, a price-to-earnings ratio of 32.88 and a beta of 0.88. The company has a fifty day moving average price of $54.49 and a two-hundred day moving average price of $53.54.

NEOS Nasdaq 100 High Income ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.6413 per share. The ex-dividend date was Wednesday, December 24th.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

A number of hedge funds have recently made changes to their positions in the business. Pin Oak Investment Advisors Inc. lifted its holdings in shares of NEOS Nasdaq 100 High Income ETF by 806.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 453 shares of the company’s stock worth $25,000 after acquiring an additional 403 shares during the period. Bogart Wealth LLC raised its position in NEOS Nasdaq 100 High Income ETF by 2,295.2% in the third quarter. Bogart Wealth LLC now owns 503 shares of the company’s stock worth $27,000 after purchasing an additional 482 shares in the last quarter. SOA Wealth Advisors LLC. bought a new position in NEOS Nasdaq 100 High Income ETF during the third quarter worth about $54,000. Golden State Wealth Management LLC bought a new position in NEOS Nasdaq 100 High Income ETF during the third quarter worth about $56,000. Finally, Anfield Capital Management LLC acquired a new stake in NEOS Nasdaq 100 High Income ETF during the third quarter valued at approximately $101,000.

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.