NEOS Russell 2000 High Income ETF (BATS:IWMI – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 30,057 shares, a drop of 72.1% from the September 15th total of 107,680 shares. Based on an average trading volume of 530,900 shares, the short-interest ratio is currently 0.1 days. Approximately 0.7% of the company’s shares are sold short.
NEOS Russell 2000 High Income ETF Stock Performance
NEOS Russell 2000 High Income ETF stock opened at $49.24 on Monday. NEOS Russell 2000 High Income ETF has a 1 year low of $45.64 and a 1 year high of $53.86. The firm has a 50 day moving average price of $51.37 and a 200 day moving average price of $51.38. The company has a market cap of $220.10 million and a price-to-earnings ratio of 16.20.
Hedge Funds Weigh In On NEOS Russell 2000 High Income ETF
A number of hedge funds have recently made changes to their positions in the stock. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of NEOS Russell 2000 High Income ETF during the 1st quarter worth $2,307,000. Farther Finance Advisors LLC boosted its holdings in NEOS Russell 2000 High Income ETF by 13.1% in the third quarter. Farther Finance Advisors LLC now owns 131,481 shares of the company’s stock valued at $6,439,000 after acquiring an additional 15,198 shares during the last quarter. FSA Advisors Inc. boosted its holdings in NEOS Russell 2000 High Income ETF by 36.2% in the first quarter. FSA Advisors Inc. now owns 20,566 shares of the company’s stock valued at $975,000 after acquiring an additional 5,464 shares during the last quarter. Sunbelt Securities Inc. grew its position 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 valued at $472,000 after acquiring an additional 2,861 shares during the period. Finally, CoreCap Advisors LLC grew its position in NEOS Russell 2000 High Income ETF by 151.5% during the third quarter. CoreCap Advisors LLC now owns 3,612 shares of the company’s stock valued at $177,000 after acquiring an additional 2,176 shares during the period.
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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