NEOS Russell 2000 High Income ETF (BATS:IWMI) Short Interest Down 82.8% in August

NEOS Russell 2000 High Income ETF (BATS:IWMI) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 32,261 shares, a decline of 82.8% from the August 15th total of 187,838 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 473,346 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On NEOS Russell 2000 High Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. increased its position in NEOS Russell 2000 High Income ETF by 40.3% during the first quarter. Sunbelt Securities Inc. now owns 9,956 shares of the company’s stock worth $472,000 after acquiring an additional 2,861 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new stake in NEOS Russell 2000 High Income ETF in the 1st quarter valued at about $2,307,000. FSA Advisors Inc. grew its position in shares of NEOS Russell 2000 High Income ETF by 36.2% during the 1st quarter. FSA Advisors Inc. now owns 20,566 shares of the company’s stock worth $975,000 after purchasing an additional 5,464 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of NEOS Russell 2000 High Income ETF during the 1st quarter worth approximately $82,000.

NEOS Russell 2000 High Income ETF Price Performance

Shares of BATS IWMI opened at $51.21 on Friday. The stock’s fifty day moving average price is $52.50 and its two-hundred day moving average price is $51.22. NEOS Russell 2000 High Income ETF has a one year low of $45.64 and a one year high of $53.86. The firm has a market cap of $228.91 million and a price-to-earnings ratio of 16.20.

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.