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

NEOS Russell 2000 High Income ETF (BATS:IWMIGet Free Report) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 192,351 shares, an increase of 401.9% from the June 15th total of 38,324 shares. Currently, 4.3% of the company’s shares are sold short. Based on an average daily volume of 345,165 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On NEOS Russell 2000 High Income ETF

A number of large investors have recently modified their holdings of IWMI. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of NEOS Russell 2000 High Income ETF during the 1st quarter worth about $2,307,000. FSA Advisors Inc. purchased a new position in NEOS Russell 2000 High Income ETF in the fourth quarter valued at approximately $735,000. Sunbelt Securities Inc. acquired a new position in NEOS Russell 2000 High Income ETF during the third quarter valued at approximately $307,000. Sound Income Strategies LLC acquired a new position in NEOS Russell 2000 High Income ETF during the first quarter valued at approximately $82,000. Finally, Private Trust Co. NA grew its stake in NEOS Russell 2000 High Income ETF by 11.6% during 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.

NEOS Russell 2000 High Income ETF Stock Down 0.3%

Shares of BATS IWMI opened at $53.09 on Friday. The stock has a market capitalization of $237.31 million and a PE ratio of 16.20. The firm has a fifty day moving average of $52.23 and a 200-day moving average of $50.54. NEOS Russell 2000 High Income ETF has a 52-week low of $44.52 and a 52-week high of $53.86.

NEOS Russell 2000 High Income ETF Company Profile

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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.

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