NEOS Russell 2000 High Income ETF (BATS:IWMI – Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 80,729 shares, a decline of 58.0% from the June 30th total of 192,351 shares. Based on an average trading volume of 362,747 shares, the short-interest ratio is currently 0.2 days. Currently, 1.8% of the company’s stock are sold short.
NEOS Russell 2000 High Income ETF Stock Up 0.2%
IWMI opened at $52.15 on Wednesday. The company has a market cap of $233.11 million and a P/E ratio of 16.20. The firm’s 50-day moving average price is $52.47 and its 200-day moving average price is $50.80. NEOS Russell 2000 High Income ETF has a 52-week low of $44.52 and a 52-week high of $53.86.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of NEOS Russell 2000 High Income ETF in the first quarter worth $2,307,000. FSA Advisors Inc. grew its holdings in shares of NEOS Russell 2000 High Income ETF by 36.2% during the first quarter. FSA Advisors Inc. now owns 20,566 shares of the company’s stock valued at $975,000 after buying an additional 5,464 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of NEOS Russell 2000 High Income ETF by 40.3% during the first quarter. Sunbelt Securities Inc. now owns 9,956 shares of the company’s stock valued at $472,000 after buying an additional 2,861 shares during the last quarter. Private Trust Co. NA increased its position in shares of NEOS Russell 2000 High Income ETF by 11.6% in the 4th quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock valued at $234,000 after acquiring an additional 500 shares during the period. Finally, Sound Income Strategies LLC acquired a new position in shares of NEOS Russell 2000 High Income ETF in the 1st quarter valued at $82,000.
About NEOS Russell 2000 High Income ETF
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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