As of Jul 31, 2025, NEOS Nasdaq-100 Hedged Equity Income ETF has 2,188 shares failed to deliver, representing 10.83% of the average daily volume of 20,209 shares. Over the past year, the monthly average FTD is 1,669 shares, with the current level 31% above the historical average, indicating moderate settlement pressure. The weighted FTD ratio above 1% suggests potential liquidity constraints or heightened short-selling activity.