NEOS Russell 2000 High Income ETF (BATS:IWMI) Trading 0.4% Higher – Should You Buy?

NEOS Russell 2000 High Income ETF (BATS:IWMI) shares shot up 0.4% on Tuesday . The company traded as high as $53.62 and last traded at $53.52. 268,001 shares changed hands during trading, a decline of 29% from the average session volume of 375,552 shares. The stock had previously closed at $53.32.

NEOS Russell 2000 High Income ETF Trading Down 0.4%

The firm has a market capitalization of $237.71 million and a P/E ratio of 16.20. The stock’s 50-day simple moving average is $51.90 and its 200-day simple moving average is $50.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IWMI. Sunbelt Securities Inc. purchased a new stake in shares of NEOS Russell 2000 High Income ETF during the 3rd quarter valued at $307,000. Private Trust Co. NA increased its holdings in NEOS Russell 2000 High Income ETF by 11.6% during the fourth quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock worth $234,000 after buying an additional 500 shares during the last quarter. FSA Advisors Inc. purchased a new stake in NEOS Russell 2000 High Income ETF during the fourth quarter worth about $735,000. Sound Income Strategies LLC bought a new stake in NEOS Russell 2000 High Income ETF in the first quarter worth about $82,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in NEOS Russell 2000 High Income ETF in the first quarter worth about $2,307,000.

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.