NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Shares Down 1.5% – Here’s Why

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH)’s stock price dropped 1.5% during trading on Friday . The stock traded as low as $51.51 and last traded at $51.78. Approximately 44,314 shares traded hands during trading, an increase of 50% from the average daily volume of 29,638 shares. The stock had previously closed at $52.59.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Performance

The company has a market cap of $342.78 million, a price-to-earnings ratio of 30.94 and a beta of 0.62. The stock’s fifty day moving average is $53.71 and its two-hundred day moving average is $54.21.

NEOS Nasdaq-100 Hedged Equity Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.3992 per share. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend was Wednesday, February 25th.

Institutional Inflows and Outflows

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

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.