NEOS Russell 2000 High Income ETF (BATS:IWMI) Shares Down 0.1% – Time to Sell?

Shares of NEOS Russell 2000 High Income ETF (BATS:IWMIGet Free Report) traded down 0.1% during mid-day trading on Wednesday . The company traded as low as $48.25 and last traded at $48.65. 281,177 shares traded hands during trading, a decline of 31% from the average session volume of 410,189 shares. The stock had previously closed at $48.70.

NEOS Russell 2000 High Income ETF Stock Performance

The firm has a market capitalization of $213.13 million and a price-to-earnings ratio of 16.20. The firm has a fifty day moving average price of $50.15 and a 200 day moving average price of $49.23.

Institutional Investors Weigh In On NEOS Russell 2000 High Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC boosted its position in shares of NEOS Russell 2000 High Income ETF by 250.7% during the 3rd quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock worth $51,000 after purchasing an additional 752 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of NEOS Russell 2000 High Income ETF by 330.0% in the 3rd quarter. Private Trust Co. NA now owns 4,300 shares of the company’s stock valued at $209,000 after purchasing an additional 3,300 shares in the last quarter. PVG Asset Management Corp purchased a new position in shares of NEOS Russell 2000 High Income ETF in the 2nd quarter valued at about $228,000. Sunbelt Securities Inc. acquired a new stake in shares of NEOS Russell 2000 High Income ETF in the third quarter valued at about $307,000. Finally, FSA Advisors Inc. acquired a new stake in shares of NEOS Russell 2000 High Income ETF in the fourth quarter valued at about $735,000.

NEOS Russell 2000 High Income ETF Company Profile

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The NEOS Russell 2000 High Income ETF (IWMI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund-of-fund that seeks to generate income by investing in constituents of the Russell 2000 Index while also employing a call option strategy. IWMI was launched on Jun 25, 2024 and is issued by Neos.

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