NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 27,037 shares, a growth of 85.5% from the May 31st total of 14,575 shares. Based on an average daily volume of 9,931 shares, the short-interest ratio is currently 2.7 days. Approximately 45.1% of the company’s shares are short sold.
NEOS S&P 500 Hedged Equity Income ETF Stock Performance
Shares of SPYH opened at $55.79 on Wednesday. The business’s fifty day moving average price is $55.75 and its two-hundred day moving average price is $55.12. The firm has a market capitalization of $3.35 million and a price-to-earnings 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.
Hedge Funds Weigh In On NEOS S&P 500 Hedged Equity Income ETF
A hedge fund recently raised its position in NEOS S&P 500 Hedged Equity Income ETF stock. Sound Income Strategies LLC increased its position in NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH – Free Report) by 339.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,015 shares of the company’s stock after purchasing an additional 6,190 shares during the quarter. Sound Income Strategies LLC owned approximately 13.36% of NEOS S&P 500 Hedged Equity Income ETF worth $424,000 as of its most recent SEC filing.
About NEOS S&P 500 Hedged Equity Income ETF
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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