NEOS S&P 500 High Income ETF (BATS:SPYI – Get Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 1,189,900 shares, a decrease of 43.4% from the September 15th total of 2,101,703 shares. Based on an average daily volume of 2,746,609 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.4% of the shares of the company are sold short.
Institutional Investors Weigh In On NEOS S&P 500 High Income ETF
Institutional investors have recently bought and sold shares of the stock. Three Magnolias Financial Advisors LLC acquired a new position in NEOS S&P 500 High Income ETF during the 3rd quarter valued at about $520,000. Signal Advisors Wealth LLC raised its position in shares of NEOS S&P 500 High Income ETF by 12.9% during the 3rd quarter. Signal Advisors Wealth LLC now owns 7,750 shares of the company’s stock worth $412,000 after buying an additional 884 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of NEOS S&P 500 High Income ETF during the 3rd quarter worth about $300,000. Clay Northam Wealth Management LLC lifted its stake in shares of NEOS S&P 500 High Income ETF by 9.6% in the 3rd quarter. Clay Northam Wealth Management LLC now owns 20,649 shares of the company’s stock worth $1,098,000 after acquiring an additional 1,806 shares during the period. Finally, Accel Wealth Management lifted its stake in shares of NEOS S&P 500 High Income ETF by 2.0% in the 3rd quarter. Accel Wealth Management now owns 10,984 shares of the company’s stock worth $584,000 after acquiring an additional 215 shares during the period.
NEOS S&P 500 High Income ETF Stock Performance
Shares of SPYI opened at $53.67 on Thursday. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a one year low of $47.77 and a one year high of $54.47. The stock’s fifty day moving average is $53.68 and its 200-day moving average is $52.98.
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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