NEOS Enhanced Income Aggregate Bond ETF (NYSEARCA:BNDI) Sees Significant Increase in Short Interest

NEOS Enhanced Income Aggregate Bond ETF (NYSEARCA:BNDI) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 18,022 shares, a growth of 605.9% from the May 14th total of 2,553 shares. Based on an average trading volume of 37,853 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the shares of the stock are short sold.

NEOS Enhanced Income Aggregate Bond ETF Trading Down 0.6%

Shares of NYSEARCA BNDI traded down $0.27 during mid-day trading on Wednesday, reaching $46.59. The company had a trading volume of 32,266 shares, compared to its average volume of 26,763. The stock has a market cap of $166.79 million, a PE ratio of 24.67 and a beta of 0.28. The company has a 50-day moving average price of $47.14 and a two-hundred day moving average price of $47.43. NEOS Enhanced Income Aggregate Bond ETF has a 1-year low of $46.33 and a 1-year high of $48.45.

Hedge Funds Weigh In On NEOS Enhanced Income Aggregate Bond ETF

A hedge fund recently raised its stake in NEOS Enhanced Income Aggregate Bond ETF stock. Carter Financial Group INC. boosted its position in shares of NEOS Enhanced Income Aggregate Bond ETF (NYSEARCA:BNDI) by 6.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 96,315 shares of the company’s stock after purchasing an additional 5,899 shares during the period. NEOS Enhanced Income Aggregate Bond ETF accounts for 2.7% of Carter Financial Group INC.’s investment portfolio, making the stock its 10th biggest holding. Carter Financial Group INC. owned 3.24% of NEOS Enhanced Income Aggregate Bond ETF worth $4,581,000 at the end of the most recent reporting period.

About NEOS Enhanced Income Aggregate Bond ETF

The Neos Enhanced Income Aggregate Bond ETF (BNDI) is an exchange-traded fund that is based on the U.S. Aggregate Bond index. The fund is an actively managed fund that invests in a diversified portfolio of fixed income securities with varying maturities and credit ratings while utilizing a US large-cap put-spread strategy. BNDI was launched on Aug 30, 2022 and is managed by Neos.