NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Sees Large Increase in Short Interest
by Mitch Edgeman · The Markets DailyNEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH – Get Free Report) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 39,358 shares, a growth of 44.8% from the February 26th total of 27,174 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 19,772 shares, the days-to-cover ratio is currently 2.0 days.
NEOS Nasdaq-100 Hedged Equity Income ETF Trading Up 0.1%
NEOS Nasdaq-100 Hedged Equity Income ETF stock traded up $0.03 during mid-day trading on Monday, hitting $50.39. 14,521 shares of the company’s stock were exchanged, compared to its average volume of 30,039. The stock has a market cap of $333.58 million, a P/E ratio of 30.94 and a beta of 0.62. The stock has a 50 day moving average of $53.39 and a two-hundred day moving average of $54.16. NEOS Nasdaq-100 Hedged Equity Income ETF has a 1-year low of $43.02 and a 1-year high of $55.90.
NEOS Nasdaq-100 Hedged Equity Income ETF Cuts Dividend
The business also recently announced a dividend, which was paid on Friday, March 27th. Shareholders of record on Wednesday, March 25th were given a dividend of $0.3923 per share. The ex-dividend date of this dividend was Wednesday, March 25th.
Hedge Funds Weigh In On NEOS Nasdaq-100 Hedged Equity Income ETF
A hedge fund recently bought a new stake 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 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.