NEOS Russell 2000 High Income ETF (BATS:IWMI – Get Free Report) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 187,838 shares, a growth of 286.3% from the July 30th total of 48,622 shares. Based on an average trading volume of 340,510 shares, the short-interest ratio is presently 0.6 days. Approximately 4.2% of the company’s stock are sold short.
Hedge Funds Weigh In On NEOS Russell 2000 High Income ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in IWMI. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of NEOS Russell 2000 High Income ETF in the 1st quarter worth about $2,307,000. FSA Advisors Inc. bought a new stake in NEOS Russell 2000 High Income ETF during the fourth quarter worth about $735,000. Sunbelt Securities Inc. boosted its stake in NEOS Russell 2000 High Income ETF by 12.4% during the fourth quarter. Sunbelt Securities Inc. now owns 7,095 shares of the company’s stock worth $345,000 after acquiring an additional 781 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in NEOS Russell 2000 High Income ETF during the first quarter worth about $82,000.
NEOS Russell 2000 High Income ETF Stock Down 1.0%
BATS IWMI opened at $52.11 on Friday. NEOS Russell 2000 High Income ETF has a twelve month low of $45.64 and a twelve month high of $53.86. The firm has a market capitalization of $232.93 million and a PE ratio of 16.20. The stock’s 50 day moving average is $52.79 and its 200 day moving average is $51.14.
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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