NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI – Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 28,800 shares, a drop of 21.1% from the August 15th total of 36,500 shares. Based on an average trading volume of 205,400 shares, the short-interest ratio is presently 0.1 days.
NEOS Nasdaq 100 High Income ETF Price Performance
Shares of QQQI traded up $0.24 during mid-day trading on Friday, reaching $50.67. 178,249 shares of the company’s stock were exchanged, compared to its average volume of 143,742. The stock has a market capitalization of $388.64 million, a PE ratio of 30.79 and a beta of 1.09. The business’s fifty day simple moving average is $50.35 and its 200-day simple moving average is $50.62. NEOS Nasdaq 100 High Income ETF has a 52-week low of $45.65 and a 52-week high of $53.70.
NEOS Nasdaq 100 High Income ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Wednesday, August 21st were given a dividend of $0.6443 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This is a positive change from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.62. This represents a $7.73 dividend on an annualized basis and a dividend yield of 15.26%.
Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF
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.
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