NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) Shares Down 0.2% – What’s Next?

NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI)’s share price dropped 0.2% on Friday . The stock traded as low as $49.45 and last traded at $49.55. Approximately 277,794 shares changed hands during trading, an increase of 134% from the average daily volume of 118,788 shares. The stock had previously closed at $49.67.

NEOS Russell 2000 High Income ETF Price Performance

The firm’s fifty day moving average is $48.67 and its two-hundred day moving average is $47.16. The firm has a market capitalization of $367.66 million, a PE ratio of 16.33 and a beta of 1.14.

Hedge Funds Weigh In On NEOS Russell 2000 High Income ETF

Several institutional investors have recently modified their holdings of the business. PVG Asset Management Corp purchased a new stake in shares of NEOS Russell 2000 High Income ETF during the second quarter valued at approximately $228,000. Private Trust Co. NA boosted its position in NEOS Russell 2000 High Income ETF by 330.0% in the third quarter. Private Trust Co. NA now owns 4,300 shares of the company’s stock worth $209,000 after purchasing an additional 3,300 shares during the last quarter. CoreCap Advisors LLC boosted its position in NEOS Russell 2000 High Income ETF by 250.7% in the third quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock worth $51,000 after purchasing an additional 752 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in NEOS Russell 2000 High Income ETF in the 3rd quarter valued at $307,000.

NEOS Russell 2000 High Income ETF Company Profile

The NEOS Russell 2000 High Income ETF (IWMI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund-of-fund that seeks to generate income by investing in constituents of the Russell 2000 Index while also employing a call option strategy. IWMI was launched on Jun 25, 2024 and is issued by Neos.