NEOS Russell 2000 High Income ETF (BATS:IWMI) Sees Significant Decrease in Short Interest

NEOS Russell 2000 High Income ETF (BATS:IWMI) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 325,861 shares, a decline of 48.0% from the April 15th total of 626,108 shares. Approximately 7.3% of the company’s stock are short sold. Based on an average trading volume of 317,595 shares, the short-interest ratio is presently 1.0 days.

NEOS Russell 2000 High Income ETF Stock Performance

IWMI opened at $51.10 on Monday. The company has a market cap of $228.42 million and a PE ratio of 16.20. The stock has a 50-day moving average of $49.40 and a 200-day moving average of $49.54. NEOS Russell 2000 High Income ETF has a 52-week low of $43.19 and a 52-week high of $52.28.

Institutional Trading of NEOS Russell 2000 High Income ETF

Several large investors have recently made changes to their positions in IWMI. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of NEOS Russell 2000 High Income ETF during the 1st quarter worth about $2,307,000. FSA Advisors Inc. bought a new stake in shares of NEOS Russell 2000 High Income ETF during the 4th quarter worth $735,000. Sunbelt Securities Inc. bought a new stake in shares of NEOS Russell 2000 High Income ETF during the 3rd quarter worth $307,000. Sound Income Strategies LLC bought a new stake in shares of NEOS Russell 2000 High Income ETF during the 1st quarter worth $82,000. Finally, CoreCap Advisors LLC boosted its holdings 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 buying an additional 752 shares during the period.

About NEOS Russell 2000 High Income ETF

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.