NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Up 429.2% in February

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 203,200 shares, an increase of 429.2% from the February 13th total of 38,400 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 418,100 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QQQI. AdvisorNet Financial Inc purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF in the 4th quarter worth $30,000. Private Trust Co. NA bought a new stake in NEOS Nasdaq 100 High Income ETF during the 4th quarter valued at $105,000. Creative Financial Designs Inc. ADV increased its holdings in shares of NEOS Nasdaq 100 High Income ETF by 26.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 4,767 shares of the company’s stock valued at $250,000 after acquiring an additional 993 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of NEOS Nasdaq 100 High Income ETF by 24.8% in the 4th quarter. Ameriprise Financial Inc. now owns 33,604 shares of the company’s stock worth $1,760,000 after acquiring an additional 6,683 shares in the last quarter.

NEOS Nasdaq 100 High Income ETF Trading Up 2.1 %

Shares of QQQI traded up $0.99 during trading hours on Friday, reaching $48.84. 232,974 shares of the company traded hands, compared to its average volume of 460,078. The firm has a market cap of $773.14 million, a price-to-earnings ratio of 31.39 and a beta of 1.09. The stock’s fifty day moving average price is $52.38 and its 200 day moving average price is $52.02. NEOS Nasdaq 100 High Income ETF has a 12-month low of $45.65 and a 12-month high of $54.47.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 26th were issued a $0.6138 dividend. The ex-dividend date was Wednesday, February 26th.

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.