NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Sees Significant Decrease in Short Interest

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 6,247 shares, a decline of 69.1% from the May 14th total of 20,220 shares. Based on an average daily volume of 24,889 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

NEOS Enhanced Income Credit Select ETF Stock Up 0.2%

Shares of NEOS Enhanced Income Credit Select ETF stock traded up $0.10 during trading on Thursday, hitting $48.86. 23,862 shares of the stock were exchanged, compared to its average volume of 25,328. The stock’s fifty day moving average is $49.52 and its 200 day moving average is $49.94. NEOS Enhanced Income Credit Select ETF has a 12 month low of $48.75 and a 12 month high of $51.17.

NEOS Enhanced Income Credit Select ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 12th. Investors of record on Wednesday, June 10th will be issued a $0.3299 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a c) annualized dividend and a yield of 8.1%.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

Institutional investors have recently bought and sold shares of the stock. Clearstead Advisors LLC lifted its holdings in NEOS Enhanced Income Credit Select ETF by 6.6% in the third quarter. Clearstead Advisors LLC now owns 793,000 shares of the company’s stock worth $40,213,000 after purchasing an additional 48,993 shares during the period. RFG Advisory LLC acquired a new stake in NEOS Enhanced Income Credit Select ETF in the 4th quarter valued at about $1,631,000. CWM LLC lifted its holdings in NEOS Enhanced Income Credit Select ETF by 350.8% in the 4th quarter. CWM LLC now owns 5,112 shares of the company’s stock valued at $257,000 after acquiring an additional 3,978 shares during the last quarter. Citadel Advisors LLC lifted its holdings in NEOS Enhanced Income Credit Select ETF by 410.8% in the 3rd quarter. Citadel Advisors LLC now owns 27,005 shares of the company’s stock valued at $1,369,000 after acquiring an additional 21,718 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in NEOS Enhanced Income Credit Select ETF by 23.0% during the first quarter. Jane Street Group LLC now owns 58,031 shares of the company’s stock valued at $2,896,000 after buying an additional 10,870 shares in the last quarter.

NEOS Enhanced Income Credit Select ETF Company Profile

The NEOS Enhanced Income Credit Select ETF (HYBI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds, investing in US bonds via ETFs and using S&P 500 put options for tax-efficient monthly income. The fund seeks to balance investments in high-yield and investment-grade securities, aiming for total return. HYBI was launched on Sep 30, 2024 and is issued by Neos.