NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Sees Large Decrease in Short Interest
by Doug Wharley · The Cerbat GemNEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 4,690 shares, a drop of 39.6% from the July 30th total of 7,765 shares. Based on an average daily volume of 24,660 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.
NEOS Nasdaq-100 Hedged Equity Income ETF Stock Performance
Shares of NASDAQ:QQQH traded down $0.34 during trading on Tuesday, hitting $54.15. The company’s stock had a trading volume of 9,059 shares, compared to its average volume of 30,249. NEOS Nasdaq-100 Hedged Equity Income ETF has a fifty-two week low of $50.08 and a fifty-two week high of $56.76. The company has a market capitalization of $378.51 million, a PE ratio of 30.94 and a beta of 0.68. The business has a 50 day moving average price of $54.72 and a two-hundred day moving average price of $54.26.
NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend
The company also recently announced a dividend, which was paid on Friday, August 28th. Stockholders of record on Wednesday, August 26th were given a dividend of $0.4084 per share. This is an increase from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous dividend of $0.40. The ex-dividend date was Wednesday, August 26th.
Institutional Investors Weigh In On NEOS Nasdaq-100 Hedged Equity Income ETF
An institutional investor recently bought a new position in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Garton & Associates Financial Advisors LLC acquired a new position in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 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.