NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 5,481 shares, a drop of 79.7% from the June 15th total of 27,037 shares. Based on an average trading volume of 14,571 shares, the short-interest ratio is currently 0.4 days. Approximately 9.1% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in NEOS S&P 500 Hedged Equity Income ETF stock. Sound Income Strategies LLC acquired a new stake in shares of NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,825 shares of the company’s stock, valued at approximately $102,000. Sound Income Strategies LLC owned 3.04% of NEOS S&P 500 Hedged Equity Income ETF as of its most recent SEC filing.
NEOS S&P 500 Hedged Equity Income ETF Stock Performance
SPYH stock opened at $56.32 on Friday. The firm has a market cap of $3.38 million and a P/E ratio of 25.19. NEOS S&P 500 Hedged Equity Income ETF has a 52 week low of $51.56 and a 52 week high of $56.67. The firm’s fifty day moving average is $55.89 and its 200 day moving average is $55.16.
NEOS S&P 500 Hedged Equity Income ETF Company Profile
NEOS ETF Trust – NEOS S&P 500 Hedged Equity Income ETF is an exchange traded fund launched and managed by NEOS Investment Management, LLC. It invests in public equity markets of the United States. The fund invests directly and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. The fund invests in growth and value stocks of large-cap companies. The fund employs proprietary research to create its portfolio. NEOS ETF Trust – NEOS S&P 500 Hedged Equity Income ETF is domiciled in the United States.
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