NEOS Russell 2000 High Income ETF (BATS:IWMI) Short Interest Down 89.9% in May

NEOS Russell 2000 High Income ETF (BATS:IWMI) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 27,084 shares, a decline of 89.9% from the May 14th total of 268,980 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 311,802 shares, the days-to-cover ratio is presently 0.1 days.

NEOS Russell 2000 High Income ETF Stock Performance

Shares of IWMI opened at $51.10 on Thursday. The stock’s 50-day simple moving average is $50.83 and its 200 day simple moving average is $49.96. The stock has a market capitalization of $228.42 million and a price-to-earnings ratio of 16.20. NEOS Russell 2000 High Income ETF has a 52-week low of $44.52 and a 52-week high of $52.71.

Institutional Investors Weigh In On NEOS Russell 2000 High Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. FSA Advisors Inc. bought a new position in shares of NEOS Russell 2000 High Income ETF in the fourth quarter valued at approximately $735,000. Private Trust Co. NA increased its holdings in NEOS Russell 2000 High Income ETF by 11.6% during the 4th quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock worth $234,000 after acquiring an additional 500 shares during the period. Sunbelt Securities Inc. increased its holdings in NEOS Russell 2000 High Income ETF by 12.4% during the 4th quarter. Sunbelt Securities Inc. now owns 7,095 shares of the company’s stock worth $345,000 after acquiring an additional 781 shares during the period. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in NEOS Russell 2000 High Income ETF in the 1st quarter worth approximately $2,307,000. Finally, Sound Income Strategies LLC bought a new position in NEOS Russell 2000 High Income ETF in the 1st quarter valued at $82,000.

About NEOS Russell 2000 High Income ETF

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.