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

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 4,890 shares, a growth of 449.4% from the October 15th total of 890 shares. Based on an average daily volume of 31,133 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. RFG Advisory LLC boosted its stake in shares of NEOS Enhanced Income Credit Select ETF by 26.3% during the 2nd quarter. RFG Advisory LLC now owns 44,682 shares of the company’s stock worth $2,200,000 after acquiring an additional 9,317 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of NEOS Enhanced Income Credit Select ETF during the second quarter worth $826,000. Janney Montgomery Scott LLC raised its position in shares of 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 purchasing an additional 1,440 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of 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 valued at $615,000 after purchasing an additional 623 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of NEOS Enhanced Income Credit Select ETF by 43.5% during the second quarter. Envestnet Asset Management Inc. now owns 11,083 shares of the company’s stock valued at $546,000 after purchasing an additional 3,362 shares during the last quarter.

NEOS Enhanced Income Credit Select ETF Trading Down 0.2%

HYBI traded down $0.11 on Thursday, hitting $47.54. 25,025 shares of the company’s stock were exchanged, compared to its average volume of 26,126. NEOS Enhanced Income Credit Select ETF has a fifty-two week low of $47.53 and a fifty-two week high of $50.61. The firm has a 50-day moving average price of $48.13 and a 200-day moving average price of $49.14.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, November 10th will be given a $0.3205 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.85 dividend on an annualized basis and a dividend yield of 8.1%. This is a drop from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.3235.

About NEOS Enhanced Income Credit Select ETF

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.