NEOS Russell 2000 High Income ETF (BATS:IWMI – Get Free Report) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 325,861 shares, a drop of 48.0% from the April 15th total of 626,108 shares. Based on an average daily volume of 317,595 shares, the short-interest ratio is presently 1.0 days. Currently, 7.3% of the company’s stock are short sold.
NEOS Russell 2000 High Income ETF Trading Down 1.7%
Shares of IWMI opened at $51.10 on Friday. The business’s fifty day simple moving average is $49.40 and its two-hundred day simple moving average is $49.54. NEOS Russell 2000 High Income ETF has a 12 month low of $43.19 and a 12 month high of $52.28. The company has a market cap of $228.42 million and a price-to-earnings ratio of 16.20.
Institutional Trading of NEOS Russell 2000 High Income ETF
Several institutional investors have recently added to or reduced their stakes in IWMI. CoreCap Advisors LLC boosted its stake in NEOS Russell 2000 High Income ETF by 250.7% during the 3rd quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock valued at $51,000 after purchasing an additional 752 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in NEOS Russell 2000 High Income ETF during the 3rd quarter valued at $307,000. Private Trust Co. NA boosted its stake in NEOS Russell 2000 High Income ETF by 11.6% during the 4th quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock valued at $234,000 after purchasing an additional 500 shares during the last quarter. FSA Advisors Inc. purchased a new stake in NEOS Russell 2000 High Income ETF during the 4th quarter valued at $735,000. Finally, Sound Income Strategies LLC purchased a new stake in NEOS Russell 2000 High Income ETF during the 1st quarter valued at $82,000.
About NEOS Russell 2000 High Income ETF
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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