NEOS Russell 2000 High Income ETF (BATS:IWMI – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 107,680 shares, a growth of 233.8% from the August 31st total of 32,261 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 461,195 shares, the days-to-cover ratio is currently 0.2 days.
NEOS Russell 2000 High Income ETF Stock Performance
Shares of IWMI stock opened at $49.60 on Friday. NEOS Russell 2000 High Income ETF has a 52-week low of $45.64 and a 52-week high of $53.86. The stock has a market cap of $221.71 million and a price-to-earnings ratio of 16.20. The firm has a fifty day moving average of $51.93 and a 200-day moving average of $51.25.
Institutional Trading of NEOS Russell 2000 High Income ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. lifted its stake in NEOS Russell 2000 High Income ETF by 40.3% during the first quarter. Sunbelt Securities Inc. now owns 9,956 shares of the company’s stock worth $472,000 after purchasing an additional 2,861 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in NEOS Russell 2000 High Income ETF during the first quarter valued at approximately $2,307,000. FSA Advisors Inc. grew its stake in shares of NEOS Russell 2000 High Income ETF by 36.2% in the 1st quarter. FSA Advisors Inc. now owns 20,566 shares of the company’s stock valued at $975,000 after purchasing an additional 5,464 shares during the period. Finally, Sound Income Strategies LLC bought a new stake in shares of NEOS Russell 2000 High Income ETF in the 1st quarter valued at approximately $82,000.
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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