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NEOS Investments Announces February 2025 ETF Suite Distributions
Business Wire (Thu, 27-Feb 3:41 PM ET)
The Fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective principally by investing in a portfolio of the stocks included in the Nasdaq-100 Index (the "Nasdaq-100" or the "Reference Index") and a put spread options collar (i.e., a mix of written (sold) call options, long (bought) put options, and written (sold) put options) on the Nasdaq-100. The Fund seeks to generate tax efficient monthly income from a combination of the dividends received from the Fund's equity holdings and the premiums earned from the put spread options collar. The put spread options collar seeks to generate a net-credit by receiving premium from the sale of the call and put options that is greater than the cost of buying the protective put options. The put spread options collar is designed to reduce the Fund's volatility and provide a measure of downside protection, but upside gains will be limited. On November 8, 2024, NEOS Nasdaq-100 Hedged Equity Income ETF acquired the Predecessor Fund's (Nationwide Nasdaq-100 Risk-Managed Income ETF) assets and liabilities, and assumed its performance, financial and other historical information.
Neos Nasdaq-100 Hedged Equity Income ETF trades on the NASDAQ stock market under the symbol QQQH.
As of March 11, 2025, QQQH stock price declined to $49.10 with 16,317 million shares trading.
QQQH has a market cap of $297.30 million. This is considered a Small Cap stock.
QQQH support price is $48.66 and resistance is $50.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QQQH shares will trade within this expected range on the day.