NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Strong Trading Volume – Here’s Why

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) saw unusually-high trading volume on Monday . Approximately 728,662 shares traded 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 Stock Up 0.1 %

The stock has a market cap of $1.05 billion, a PE ratio of 31.08 and a beta of 1.09. The company has a fifty day moving average price of $50.88 and a 200 day moving average price of $51.85.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc bought a new stake in shares of NEOS Nasdaq 100 High Income ETF during the 4th quarter valued at $30,000. Creative Financial Designs Inc. ADV lifted its position in NEOS Nasdaq 100 High Income ETF by 26.3% during the fourth 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 in the last quarter. Private Trust Co. NA bought a new stake in NEOS Nasdaq 100 High Income ETF during the fourth quarter valued at about $105,000. Finally, Ameriprise Financial Inc. increased its position in NEOS Nasdaq 100 High Income ETF by 24.8% in the fourth quarter. Ameriprise Financial Inc. now owns 33,604 shares of the company’s stock worth $1,760,000 after buying 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.