NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Large Volume Increase – Still a Buy?

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) shares saw unusually-strong trading volume on Monday . Approximately 728,662 shares changed hands during trading, an increase of 36% from the previous session’s volume of 534,601 shares.The stock last traded at $41.50 and had previously closed at $43.22.

NEOS Nasdaq 100 High Income ETF Trading Up 0.1 %

The firm has a market cap of $1.05 billion, a P/E ratio of 31.08 and a beta of 1.09. The company’s 50-day moving average is $50.88 and its two-hundred day moving average is $51.85.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 26th were given a dividend of $0.5867 per share. This represents a $7.04 dividend on an annualized basis and a dividend yield of 16.28%. The ex-dividend date was Wednesday, March 26th.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

Hedge funds have recently made changes to their positions in the business. AdvisorNet Financial Inc purchased a new stake in NEOS Nasdaq 100 High Income ETF during the fourth quarter worth about $30,000. Private Trust Co. NA purchased a new position in shares of NEOS Nasdaq 100 High Income ETF in the fourth quarter valued at $105,000. Creative Financial Designs Inc. ADV raised its stake in shares of NEOS Nasdaq 100 High Income ETF by 26.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 4,767 shares of the company’s stock valued at $250,000 after purchasing an additional 993 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in NEOS Nasdaq 100 High Income ETF by 24.8% during the 4th quarter. Ameriprise Financial Inc. now owns 33,604 shares of the company’s stock worth $1,760,000 after purchasing an additional 6,683 shares in the last quarter.

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.