Short Interest in NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Grows By 199.3%

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBIGet Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 18,699 shares, an increase of 199.3% from the May 31st total of 6,247 shares. Based on an average trading volume of 41,938 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

NEOS Enhanced Income Credit Select ETF Stock Up 0.1%

Shares of NEOS Enhanced Income Credit Select ETF stock traded up $0.03 on Monday, hitting $49.23. The stock had a trading volume of 76,875 shares, compared to its average volume of 25,751. NEOS Enhanced Income Credit Select ETF has a 52-week low of $48.75 and a 52-week high of $51.17. The company’s 50 day moving average price is $49.40 and its 200 day moving average price is $49.84.

NEOS Enhanced Income Credit Select ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, June 12th. Investors of record on Wednesday, June 10th were given a $0.3299 dividend. The ex-dividend date was Wednesday, June 10th. This represents a c) annualized dividend and a yield of 8.0%.

Hedge Funds Weigh In On NEOS Enhanced Income Credit Select ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. World Equity Group Inc. acquired a new position in shares of NEOS Enhanced Income Credit Select ETF during the first quarter worth about $217,000. Kestra Advisory Services LLC raised its holdings in NEOS Enhanced Income Credit Select ETF by 5.3% during the first quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock worth $615,000 after purchasing an additional 623 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in NEOS Enhanced Income Credit Select ETF by 9.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,040 shares of the company’s stock valued at $794,000 after acquiring an additional 1,440 shares during the last quarter. RFG Advisory LLC grew its stake in NEOS Enhanced Income Credit Select ETF by 9.1% in the 1st quarter. RFG Advisory LLC now owns 35,365 shares of the company’s stock valued at $1,750,000 after acquiring an additional 2,948 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in NEOS Enhanced Income Credit Select ETF by 0.7% during the 4th quarter. Ieq Capital LLC now owns 44,224 shares of the company’s stock valued at $2,226,000 after acquiring an additional 294 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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