NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Sees Large Decline in Short Interest

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBIGet Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 10,018 shares, a decrease of 63.5% from the July 15th total of 27,481 shares. Based on an average trading volume of 28,532 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of NEOS Enhanced Income Credit Select ETF

A number of hedge funds and other institutional investors have recently modified their holdings of HYBI. Aptus Capital Advisors LLC purchased a new stake in NEOS Enhanced Income Credit Select ETF in the 3rd quarter valued at about $145,000. World Equity Group Inc. purchased a new position in NEOS Enhanced Income Credit Select ETF during the first quarter worth about $217,000. Focus Partners Wealth increased its position in shares of NEOS Enhanced Income Credit Select ETF by 20.3% during the third quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock valued at $242,000 after acquiring an additional 806 shares during the last quarter. CWM LLC increased its position in shares of NEOS Enhanced Income Credit Select ETF by 350.8% during the fourth quarter. CWM LLC now owns 5,112 shares of the company’s stock valued at $257,000 after acquiring an additional 3,978 shares during the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of NEOS Enhanced Income Credit Select ETF during the fourth quarter valued at about $351,000.

NEOS Enhanced Income Credit Select ETF Trading Down 0.0%

NEOS Enhanced Income Credit Select ETF stock traded down $0.02 during mid-day trading on Friday, hitting $48.97. The company’s stock had a trading volume of 38,276 shares, compared to its average volume of 26,958. The stock’s fifty day moving average is $49.14 and its two-hundred day moving average is $49.53. NEOS Enhanced Income Credit Select ETF has a 1 year low of $48.69 and a 1 year high of $51.17.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Wednesday, August 12th will be paid a $0.3291 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Wednesday, August 12th.

NEOS Enhanced Income Credit Select ETF Company Profile

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The NEOS Enhanced Income Credit Select ETF (HYBI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds, investing in US bonds via ETFs and using S&P 500 put options for tax-efficient monthly income. The fund seeks to balance investments in high-yield and investment-grade securities, aiming for total return. HYBI was launched on Sep 30, 2024 and is issued by Neos.

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