NEOS S&P 500 High Income ETF (BATS:SPYI) Sees Large Growth in Short Interest

NEOS S&P 500 High Income ETF (BATS:SPYI) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 2,005,373 shares, a growth of 191.3% from the May 31st total of 688,400 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily volume of 3,510,840 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On NEOS S&P 500 High Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of SPYI. GHP Investment Advisors Inc. grew its stake in NEOS S&P 500 High Income ETF by 8.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 2,651 shares of the company’s stock valued at $139,000 after acquiring an additional 198 shares in the last quarter. Claro Advisors LLC boosted its holdings in shares of NEOS S&P 500 High Income ETF by 1.2% during the 3rd quarter. Claro Advisors LLC now owns 17,118 shares of the company’s stock worth $895,000 after purchasing an additional 200 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its position in shares of NEOS S&P 500 High Income ETF by 32.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 820 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares in the last quarter. Compound Planning Inc. increased its holdings in shares of NEOS S&P 500 High Income ETF by 1.1% in the fourth quarter. Compound Planning Inc. now owns 20,333 shares of the company’s stock valued at $1,068,000 after purchasing an additional 222 shares during the last quarter. Finally, HighMark Wealth Management LLC lifted its position in NEOS S&P 500 High Income ETF by 3.0% during the fourth quarter. HighMark Wealth Management LLC now owns 8,016 shares of the company’s stock worth $421,000 after buying an additional 236 shares in the last quarter.

NEOS S&P 500 High Income ETF Price Performance

BATS SPYI opened at $51.99 on Friday. NEOS S&P 500 High Income ETF has a 1-year low of $47.77 and a 1-year high of $54.11. The company has a market cap of $4.29 billion, a PE ratio of 25.58 and a beta of 0.71. The stock’s 50 day simple moving average is $52.99 and its 200-day simple moving average is $52.28.

About NEOS S&P 500 High Income ETF

The Neos S&P 500(R) High Income ETF (SPYI) is an exchange-traded fund that mostly invests in total market equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts. SPYI was launched on Aug 30, 2022 and is managed by Neos.