NEOS Russell 2000 High Income ETF (BATS:IWMI) Sees Significant Decline in Short Interest

NEOS Russell 2000 High Income ETF (BATS:IWMI) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 80,729 shares, a decrease of 58.0% from the June 30th total of 192,351 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily volume of 362,747 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of NEOS Russell 2000 High Income ETF in the 1st quarter valued at $2,307,000. FSA Advisors Inc. lifted its position in NEOS Russell 2000 High Income ETF by 36.2% in the first quarter. FSA Advisors Inc. now owns 20,566 shares of the company’s stock valued at $975,000 after acquiring an additional 5,464 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in NEOS Russell 2000 High Income ETF by 40.3% in the first quarter. Sunbelt Securities Inc. now owns 9,956 shares of the company’s stock valued at $472,000 after acquiring an additional 2,861 shares in the last quarter. Private Trust Co. NA boosted its stake in NEOS Russell 2000 High Income ETF by 11.6% in the fourth quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock valued at $234,000 after acquiring an additional 500 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of NEOS Russell 2000 High Income ETF during the first quarter worth about $82,000.

NEOS Russell 2000 High Income ETF Price Performance

Shares of NEOS Russell 2000 High Income ETF stock opened at $51.73 on Monday. The firm has a market capitalization of $231.23 million and a P/E ratio of 16.20. NEOS Russell 2000 High Income ETF has a 52 week low of $44.52 and a 52 week high of $53.86. The firm’s 50 day moving average is $52.41 and its two-hundred day moving average is $50.77.

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.