NEOS Russell 2000 High Income ETF (BATS:IWMI) Shares Shorted: Short Interest Down 72.1% in September

NEOS Russell 2000 High Income ETF (BATS:IWMI) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 30,057 shares, a decline of 72.1% from the September 15th total of 107,680 shares. Based on an average daily volume of 530,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.7% of the company’s shares are sold short.

NEOS Russell 2000 High Income ETF Price Performance

BATS:IWMI opened at $49.14 on Tuesday. The firm has a market capitalization of $219.66 million and a price-to-earnings ratio of 16.20. The company’s 50-day moving average is $51.30 and its two-hundred day moving average is $51.39. NEOS Russell 2000 High Income ETF has a 1-year low of $45.64 and a 1-year high of $53.86.

Institutional Trading of NEOS Russell 2000 High Income ETF

Institutional investors have recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in NEOS Russell 2000 High Income ETF in the first quarter worth approximately $2,307,000. Farther Finance Advisors LLC increased its stake in NEOS Russell 2000 High Income ETF by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 131,481 shares of the company’s stock worth $6,439,000 after acquiring an additional 15,198 shares during the last quarter. CoreCap Advisors LLC increased its stake in NEOS Russell 2000 High Income ETF by 151.5% during the third quarter. CoreCap Advisors LLC now owns 3,612 shares of the company’s stock worth $177,000 after acquiring an additional 2,176 shares during the last quarter. Sunbelt Securities Inc. increased its stake 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 last quarter. Finally, FSA Advisors Inc. raised its position in NEOS Russell 2000 High Income ETF by 36.2% in the first quarter. FSA Advisors Inc. now owns 20,566 shares of the company’s stock valued at $975,000 after purchasing an additional 5,464 shares during the period.

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.