NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Sees Large Drop in Short Interest

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 890 shares, a drop of 74.5% from the September 30th total of 3,497 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 34,073 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of NEOS Enhanced Income Credit Select ETF

Several hedge funds have recently added to or reduced their stakes in HYBI. Triumph Capital Management acquired a new position in NEOS Enhanced Income Credit Select ETF in the 2nd quarter valued at $826,000. RFG Advisory LLC lifted its holdings in shares of NEOS Enhanced Income Credit Select ETF by 26.3% during the second quarter. RFG Advisory LLC now owns 44,682 shares of the company’s stock worth $2,200,000 after buying an additional 9,317 shares in the last quarter. World Equity Group Inc. acquired a new stake in shares of NEOS Enhanced Income Credit Select ETF during the first quarter worth $217,000. Envestnet Asset Management Inc. boosted its position in shares of NEOS Enhanced Income Credit Select ETF by 43.5% in the second quarter. Envestnet Asset Management Inc. now owns 11,083 shares of the company’s stock valued at $546,000 after acquiring an additional 3,362 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of NEOS Enhanced Income Credit Select ETF by 9.9% in the first quarter. Janney Montgomery Scott LLC now owns 16,040 shares of the company’s stock valued at $794,000 after acquiring an additional 1,440 shares during the period.

NEOS Enhanced Income Credit Select ETF Stock Down 0.0%

NEOS Enhanced Income Credit Select ETF stock traded down $0.01 during trading hours on Thursday, hitting $48.08. The company had a trading volume of 34,520 shares, compared to its average volume of 26,261. NEOS Enhanced Income Credit Select ETF has a one year low of $47.77 and a one year high of $50.61. The firm has a 50-day moving average of $48.36 and a 200 day moving average of $49.26.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 16th. Stockholders of record on Wednesday, October 14th were given a $0.3235 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This is a negative change from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.3277. This represents a $3.88 annualized dividend and a dividend yield of 8.1%.

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.