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

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 6,247 shares, a drop of 69.1% from the May 14th total of 20,220 shares. Based on an average trading volume of 24,889 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

A number of hedge funds and other institutional investors have recently modified their holdings of HYBI. Aptus Capital Advisors LLC purchased a new stake in shares of NEOS Enhanced Income Credit Select ETF during the third quarter worth about $145,000. World Equity Group Inc. purchased a new stake in NEOS Enhanced Income Credit Select ETF in the first quarter valued at approximately $217,000. Focus Partners Wealth grew its holdings in NEOS Enhanced Income Credit Select ETF by 20.3% in the third quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock valued at $242,000 after purchasing an additional 806 shares during the period. CWM LLC grew its holdings in NEOS Enhanced Income Credit Select ETF by 350.8% in the fourth quarter. CWM LLC now owns 5,112 shares of the company’s stock valued at $257,000 after purchasing an additional 3,978 shares during the period. Finally, Orion Porfolio Solutions LLC purchased a new stake in NEOS Enhanced Income Credit Select ETF in the fourth quarter valued at approximately $351,000.

NEOS Enhanced Income Credit Select ETF Stock Performance

Shares of NASDAQ HYBI traded up $0.10 during midday trading on Thursday, reaching $48.86. 23,862 shares of the stock were exchanged, compared to its average volume of 25,328. NEOS Enhanced Income Credit Select ETF has a 52-week low of $48.75 and a 52-week high of $51.17. The stock has a 50 day moving average price of $49.52 and a 200-day moving average price of $49.94.

NEOS Enhanced Income Credit Select ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 12th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.3299 per share. The ex-dividend date is Wednesday, June 10th. This represents a c) dividend on an annualized basis 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.