NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Shares Climb 0.1% – Should You Buy?

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI – Get Free Report) shot up 0.1% on Monday. The stock traded as high as $48.27 and last traded at $48.25. Approximately 53,148 shares changed hands during mid-day trading, an increase of 106% from the average daily volume of 25,747 shares. The stock had previously closed at $48.20.

NEOS Enhanced Income Credit Select ETF Stock Performance

The firm has a fifty day moving average of $48.68 and a 200-day moving average of $49.13.

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NEOS Enhanced Income Credit Select ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 11th. Stockholders of record on Wednesday, September 9th were paid a dividend of $0.3277 per share. This is a drop from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.3291. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $3.93 annualized dividend and a dividend yield of 8.2%.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

A number of large investors have recently added to or reduced their stakes in the business. Triumph Capital Management purchased a new stake in shares of NEOS Enhanced Income Credit Select ETF in the second quarter valued at about $826,000. RFG Advisory LLC raised its position in shares of NEOS Enhanced Income Credit Select ETF by 26.3% during the 2nd quarter. RFG Advisory LLC now owns 44,682 shares of the company’s stock worth $2,200,000 after purchasing an additional 9,317 shares during the last quarter. World Equity Group Inc. purchased a new stake in NEOS Enhanced Income Credit Select ETF in the 1st quarter valued at approximately $217,000. Envestnet Asset Management Inc. grew its holdings in NEOS Enhanced Income Credit Select ETF by 43.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,083 shares of the company’s stock valued at $546,000 after buying an additional 3,362 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in NEOS Enhanced Income Credit Select ETF by 9.9% during the first quarter. Janney Montgomery Scott LLC now owns 16,040 shares of the company’s stock worth $794,000 after buying an additional 1,440 shares in the last quarter.

About NEOS Enhanced Income Credit Select ETF

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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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