Short Interest in NEOS S&P 500 High Income ETF (BATS:SPYI) Grows By 191.3%

NEOS S&P 500 High Income ETF (BATS:SPYI – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,005,373 shares, a growth of 191.3% from the May 31st total of 688,400 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average trading volume of 3,510,840 shares, the short-interest ratio is currently 0.6 days.

NEOS S&P 500 High Income ETF Price Performance

BATS SPYI opened at $51.99 on Monday. The company’s 50 day simple moving average is $52.99 and its two-hundred day simple moving average is $52.28. NEOS S&P 500 High Income ETF has a 1 year low of $47.77 and a 1 year high of $54.11. The stock has a market capitalization of $4.29 billion, a PE ratio of 25.58 and a beta of 0.71.

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Institutional Investors Weigh In On NEOS S&P 500 High Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SPYI. United Community Bank purchased a new position in NEOS S&P 500 High Income ETF during the fourth quarter worth about $26,000. HFM Investment Advisors LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF in the 4th quarter valued at about $27,000. Root Financial Partners LLC boosted its position in shares of NEOS S&P 500 High Income ETF by 79.2% during the 1st quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 255 shares during the last quarter. Optima Capital LLC bought a new stake in shares of NEOS S&P 500 High Income ETF during the 4th quarter valued at about $37,000. Finally, Advocate Investing Services LLC bought a new stake in shares of NEOS S&P 500 High Income ETF during the 1st quarter valued at about $39,000.

About NEOS S&P 500 High Income ETF

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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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