NEOS Russell 2000 High Income ETF (BATS:IWMI – Get Free Report) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 49,089 shares, a decline of 67.6% from the October 15th total of 151,736 shares. Based on an average daily volume of 411,935 shares, the short-interest ratio is presently 0.1 days. Currently, 1.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On NEOS Russell 2000 High Income ETF
Several institutional investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. acquired a new stake in shares of NEOS Russell 2000 High Income ETF during the third quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new position in shares of NEOS Russell 2000 High Income ETF in the 3rd quarter worth approximately $245,000. Vima LLC acquired a new position in shares of NEOS Russell 2000 High Income ETF in the 3rd quarter worth approximately $713,000. SBI Securities Co. Ltd. grew its position in NEOS Russell 2000 High Income ETF by 99.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 530 shares of the company’s stock worth $26,000 after acquiring an additional 264 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. bought a new stake in NEOS Russell 2000 High Income ETF during the 3rd quarter worth approximately $28,000.
NEOS Russell 2000 High Income ETF Stock Performance
Shares of BATS:IWMI opened at $48.90 on Friday. The company’s fifty day moving average is $49.48 and its 200-day moving average is $50.70. NEOS Russell 2000 High Income ETF has a 52 week low of $45.64 and a 52 week high of $53.86. The company has a market capitalization of $218.58 million and a PE ratio of 16.20.
NEOS Russell 2000 High Income ETF Company Profile
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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