NEOS S&P 500 High Income ETF (BATS:SPYI – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,188,658 shares, an increase of 47.7% from the July 30th total of 804,692 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average trading volume of 2,610,866 shares, the short-interest ratio is presently 0.5 days.
NEOS S&P 500 High Income ETF Trading Down 0.5%
Shares of BATS:SPYI opened at $53.37 on Tuesday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 12 month low of $47.77 and a 12 month high of $54.47. The company has a 50-day moving average price of $53.30 and a 200 day moving average price of $52.48.
Hedge Funds Weigh In On NEOS S&P 500 High Income ETF
A number of large investors have recently made changes to their positions in the company. HFM Investment Advisors LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF in the fourth quarter worth approximately $27,000. Root Financial Partners LLC increased its stake in shares of NEOS S&P 500 High Income ETF by 79.2% during the first quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 255 shares during the period. Continuum Advisory LLC bought a new stake in shares of NEOS S&P 500 High Income ETF in the second quarter valued at about $32,000. Wells Fargo & Company MN raised its holdings in shares of NEOS S&P 500 High Income ETF by 503.0% in the fourth quarter. Wells Fargo & Company MN now owns 796 shares of the company’s stock valued at $42,000 after acquiring an additional 664 shares in the last quarter. Finally, Advocate Investing Services LLC purchased a new stake in NEOS S&P 500 High Income ETF in the first quarter worth about $39,000.
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.
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