NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 5,481 shares, a drop of 79.7% from the June 15th total of 27,037 shares. Based on an average daily trading volume, of 14,571 shares, the days-to-cover ratio is presently 0.4 days. Approximately 9.1% of the company’s shares are short sold.
Hedge Funds Weigh In On NEOS S&P 500 Hedged Equity Income ETF
An institutional investor recently raised its stake in NEOS S&P 500 Hedged Equity Income ETF stock. Sound Income Strategies LLC increased its stake in shares of NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH – Free Report) by 339.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,015 shares of the company’s stock after acquiring an additional 6,190 shares during the quarter. Sound Income Strategies LLC owned about 13.36% of NEOS S&P 500 Hedged Equity Income ETF worth $424,000 at the end of the most recent quarter.
NEOS S&P 500 Hedged Equity Income ETF Stock Up 0.4%
BATS SPYH opened at $56.32 on Friday. The business’s fifty day simple moving average is $55.89 and its 200-day simple moving average is $55.16. The firm has a market cap of $3.38 million and a PE 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.
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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