NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Short Interest Update

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 4,829 shares, a decrease of 78.7% from the January 29th total of 22,634 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 22,253 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 22,253 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

NEOS Enhanced Income Credit Select ETF Stock Performance

Shares of HYBI stock traded down $0.11 during mid-day trading on Friday, hitting $50.15. The company’s stock had a trading volume of 23,800 shares, compared to its average volume of 23,018. The company’s fifty day simple moving average is $50.33 and its 200-day simple moving average is $50.47. NEOS Enhanced Income Credit Select ETF has a 52 week low of $46.95 and a 52 week high of $51.31.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 13th. Shareholders of record on Wednesday, February 11th were issued a dividend of $0.3379 per share. The ex-dividend date was Wednesday, February 11th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. World Equity Group Inc. grew its holdings in NEOS Enhanced Income Credit Select ETF by 6.8% in the third quarter. World Equity Group Inc. now owns 4,582 shares of the company’s stock worth $232,000 after purchasing an additional 290 shares during the period. Ieq Capital LLC boosted its position in shares of NEOS Enhanced Income Credit Select ETF by 0.7% during the 4th quarter. Ieq Capital LLC now owns 44,224 shares of the company’s stock worth $2,226,000 after purchasing an additional 294 shares in the last quarter. Cerity Partners LLC grew its stake in shares of 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 valued at $551,000 after buying an additional 576 shares during the period. Focus Partners Wealth grew its stake in shares of 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 buying an additional 806 shares during the period. Finally, CWM LLC bought a new stake in NEOS Enhanced Income Credit Select ETF in the 2nd quarter valued at about $56,000.

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.