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

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 22,634 shares, a growth of 281.6% from the January 15th total of 5,931 shares. Based on an average trading volume of 24,779 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.6% of the shares of the stock are short sold. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 24,779 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. World Equity Group Inc. lifted its holdings in NEOS Enhanced Income Credit Select ETF by 6.8% in the 3rd quarter. World Equity Group Inc. now owns 4,582 shares of the company’s stock valued at $232,000 after purchasing an additional 290 shares in the last quarter. Cerity Partners LLC grew its stake in NEOS Enhanced Income Credit Select ETF by 5.6% in the 4th quarter. Cerity Partners LLC now owns 10,942 shares of the company’s stock worth $551,000 after acquiring an additional 576 shares during the period. Focus Partners Wealth raised its holdings in NEOS Enhanced Income Credit Select ETF by 20.3% in the 3rd quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock valued at $242,000 after acquiring an additional 806 shares during the last quarter. CWM LLC acquired a new stake in shares of NEOS Enhanced Income Credit Select ETF during the second quarter worth $56,000. Finally, Aptus Capital Advisors LLC purchased a new stake in shares of NEOS Enhanced Income Credit Select ETF in the third quarter valued at $145,000.

NEOS Enhanced Income Credit Select ETF Trading Down 0.7%

Shares of HYBI traded down $0.35 during mid-day trading on Wednesday, reaching $50.13. 32,359 shares of the company’s stock were exchanged, compared to its average volume of 23,205. NEOS Enhanced Income Credit Select ETF has a 52-week low of $46.95 and a 52-week high of $51.85. The company has a 50-day simple moving average of $50.39 and a two-hundred day simple moving average of $50.49.

NEOS Enhanced Income Credit Select ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, January 14th were given a $0.3386 dividend. This is an increase from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Wednesday, January 14th.

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.