NEOS S&P 500 High Income ETF (BATS:SPYI) Short Interest Update

NEOS S&P 500 High Income ETF (BATS:SPYI) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 906,901 shares, a drop of 54.8% from the June 15th total of 2,005,373 shares. Based on an average daily volume of 2,558,391 shares, the short-interest ratio is currently 0.4 days. Approximately 1.1% of the shares of the stock are sold short.

Institutional Trading of NEOS S&P 500 High Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SPYI. United Community Bank bought a new position in NEOS S&P 500 High Income ETF during the fourth quarter valued at approximately $26,000. HFM Investment Advisors LLC bought a new stake in shares of NEOS S&P 500 High Income ETF in the 4th quarter worth approximately $27,000. Root Financial Partners LLC lifted its holdings in shares of NEOS S&P 500 High Income ETF by 79.2% in the 1st quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock worth $28,000 after acquiring an additional 255 shares during the last quarter. Optima Capital LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the 4th quarter valued at $37,000. Finally, Advocate Investing Services LLC purchased a new position in NEOS S&P 500 High Income ETF in the 1st quarter worth $39,000.

NEOS S&P 500 High Income ETF Stock Down 0.6%

Shares of SPYI stock opened at $53.37 on Tuesday. The business has a 50-day moving average price of $53.21 and a two-hundred day moving average price of $52.31. NEOS S&P 500 High Income ETF has a 12-month low of $47.77 and a 12-month high of $54.11. The firm has a market cap of $4.41 billion, a P/E ratio of 25.58 and a beta of 0.71.

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.