NEOS Russell 2000 High Income ETF (BATS:IWMI) Trading Up 0.4% – Still a Buy?

NEOS Russell 2000 High Income ETF (BATS:IWMI)’s share price shot up 0.4% during mid-day trading on Tuesday . The stock traded as high as $53.62 and last traded at $53.52. Approximately 268,001 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 375,552 shares. The stock had previously closed at $53.32.

NEOS Russell 2000 High Income ETF Trading Up 0.4%

The stock has a market capitalization of $239.23 million and a PE ratio of 16.20. The business’s 50 day moving average is $51.86 and its 200 day moving average is $50.36.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Sound Income Strategies LLC bought a new position in shares of NEOS Russell 2000 High Income ETF during the first quarter valued at approximately $82,000. Private Trust Co. NA raised its holdings in shares of 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 worth $234,000 after buying an additional 500 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of NEOS Russell 2000 High Income ETF during the 3rd quarter worth approximately $307,000. FSA Advisors Inc. bought a new stake in shares of NEOS Russell 2000 High Income ETF during the 4th quarter worth approximately $735,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in NEOS Russell 2000 High Income ETF during the 1st quarter valued at $2,307,000.

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.