NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Short Interest Down 86.1% in January

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 5,931 shares, a decrease of 86.1% from the December 31st total of 42,669 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 23,073 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 23,073 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearstead Advisors LLC grew its position in NEOS Enhanced Income Credit Select ETF by 6.6% during the 3rd quarter. Clearstead Advisors LLC now owns 793,000 shares of the company’s stock worth $40,213,000 after purchasing an additional 48,993 shares during the period. Citadel Advisors LLC boosted its stake in shares of NEOS Enhanced Income Credit Select ETF by 410.8% in the third quarter. Citadel Advisors LLC now owns 27,005 shares of the company’s stock worth $1,369,000 after buying an additional 21,718 shares during the last quarter. Bessemer Group Inc. acquired a new stake in NEOS Enhanced Income Credit Select ETF during the second quarter worth about $760,000. Jane Street Group LLC grew its holdings in NEOS Enhanced Income Credit Select ETF by 23.0% during the first quarter. Jane Street Group LLC now owns 58,031 shares of the company’s stock worth $2,896,000 after acquiring an additional 10,870 shares during the period. Finally, Brookwood Investment Group LLC raised its position in NEOS Enhanced Income Credit Select ETF by 138.8% during the second quarter. Brookwood Investment Group LLC now owns 12,905 shares of the company’s stock valued at $651,000 after acquiring an additional 7,501 shares in the last quarter.

NEOS Enhanced Income Credit Select ETF Trading Down 0.1%

Shares of NEOS Enhanced Income Credit Select ETF stock traded down $0.06 on Wednesday, reaching $50.32. 34,536 shares of the stock were exchanged, compared to its average volume of 24,919. NEOS Enhanced Income Credit Select ETF has a twelve month low of $46.95 and a twelve month high of $51.85. The business has a 50 day moving average price of $50.38 and a two-hundred day moving average price of $50.49.

NEOS Enhanced Income Credit Select ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, January 14th were issued a $0.3386 dividend. This is an increase from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a c) 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.