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

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 10,018 shares, a decline of 63.5% from the July 15th total of 27,481 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 28,532 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On NEOS Enhanced Income Credit Select ETF

Several institutional investors have recently bought and sold shares of the company. Aptus Capital Advisors LLC purchased a new stake in NEOS Enhanced Income Credit Select ETF in the third quarter worth $145,000. World Equity Group Inc. purchased a new position in shares of NEOS Enhanced Income Credit Select ETF during the 1st quarter valued at $217,000. Focus Partners Wealth grew its stake in shares of NEOS Enhanced Income Credit Select ETF by 20.3% during the 3rd quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock worth $242,000 after acquiring an additional 806 shares during the period. CWM LLC grew its stake in shares of NEOS Enhanced Income Credit Select ETF by 350.8% during the 4th quarter. CWM LLC now owns 5,112 shares of the company’s stock worth $257,000 after acquiring 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 4th quarter worth about $351,000.

NEOS Enhanced Income Credit Select ETF Stock Performance

HYBI stock traded down $0.05 during mid-day trading on Friday, hitting $48.94. The company had a trading volume of 64,079 shares, compared to its average volume of 27,151. NEOS Enhanced Income Credit Select ETF has a 12 month low of $48.69 and a 12 month high of $51.17. The stock’s fifty day moving average price is $49.13 and its two-hundred day moving average price is $49.53.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Wednesday, August 12th were paid a dividend of $0.3291 per share. The ex-dividend date was Wednesday, August 12th. This represents a c) annualized dividend 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.