NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Trading 0.1% Higher – Here’s What Happened

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) rose 0.1% on Thursday . The stock traded as high as $49.55 and last traded at $49.51. Approximately 17,392 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 21,751 shares. The stock had previously closed at $49.47.

NEOS Enhanced Income Credit Select ETF Trading Up 0.1%

The stock has a 50 day moving average of $49.93 and a 200-day moving average of $50.29.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 13th. Shareholders of record on Wednesday, March 11th were paid a $0.3345 dividend. The ex-dividend date was Wednesday, March 11th. This represents a c) dividend on an annualized basis and a yield of 8.1%.

Institutional Trading of NEOS Enhanced Income Credit Select ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Aptus Capital Advisors LLC bought a new position in shares of NEOS Enhanced Income Credit Select ETF in the third quarter worth about $145,000. World Equity Group Inc. increased its stake in NEOS Enhanced Income Credit Select ETF by 6.8% in the 3rd quarter. World Equity Group Inc. now owns 4,582 shares of the company’s stock worth $232,000 after buying an additional 290 shares during the period. Focus Partners Wealth lifted its holdings in NEOS Enhanced Income Credit Select ETF by 20.3% during the 3rd quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock valued at $242,000 after buying an additional 806 shares in the last quarter. CWM LLC lifted its holdings in NEOS Enhanced Income Credit Select ETF by 350.8% during the 4th quarter. CWM LLC now owns 5,112 shares of the company’s stock valued at $257,000 after buying an additional 3,978 shares in the last quarter. Finally, Orion Porfolio Solutions LLC purchased a new stake in NEOS Enhanced Income Credit Select ETF in the 4th quarter valued at about $351,000.

About NEOS Enhanced Income Credit Select ETF

The NEOS Enhanced Income Credit Select ETF (HYBI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds, investing in US bonds via ETFs and using S&P 500 put options for tax-efficient monthly income. The fund seeks to balance investments in high-yield and investment-grade securities, aiming for total return. HYBI was launched on Sep 30, 2024 and is issued by Neos.