NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Short Interest Up 100.9% in July

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 27,481 shares, an increase of 100.9% from the June 30th total of 13,680 shares. Based on an average trading volume of 29,950 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the company’s stock are sold short.

NEOS Enhanced Income Credit Select ETF Price Performance

Shares of HYBI traded down $0.10 during mid-day trading on Friday, hitting $48.84. The company’s stock had a trading volume of 1,953 shares, compared to its average volume of 26,166. The company’s 50-day moving average is $49.20 and its 200-day moving average is $49.62. NEOS Enhanced Income Credit Select ETF has a 52-week low of $48.69 and a 52-week high of $51.17.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 17th. Investors of record on Wednesday, July 15th were given a dividend of $0.3298 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 8.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ieq Capital LLC lifted its holdings in NEOS Enhanced Income Credit Select ETF by 0.7% during the fourth quarter. Ieq Capital LLC now owns 44,224 shares of the company’s stock valued at $2,226,000 after purchasing an additional 294 shares in the last quarter. Cerity Partners LLC grew its holdings in NEOS Enhanced Income Credit Select ETF by 5.6% in the 4th quarter. Cerity Partners LLC now owns 10,942 shares of the company’s stock valued at $551,000 after buying an additional 576 shares in the last quarter. Kestra Advisory Services LLC raised its stake in NEOS Enhanced Income Credit Select ETF by 5.3% during the first quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock worth $615,000 after purchasing an additional 623 shares during the period. Focus Partners Wealth increased its holdings in shares of NEOS Enhanced Income Credit Select ETF by 20.3% during the 3rd quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock worth $242,000 after buying an additional 806 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in NEOS Enhanced Income Credit Select ETF by 9.9% during the first quarter. Janney Montgomery Scott LLC now owns 16,040 shares of the company’s stock worth $794,000 after acquiring an additional 1,440 shares during 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.