NEOS Russell 2000 High Income ETF (BATS:IWMI – Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 48,622 shares, a decline of 39.8% from the July 15th total of 80,729 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 379,000 shares, the short-interest ratio is presently 0.1 days.
NEOS Russell 2000 High Income ETF Stock Down 0.1%
BATS:IWMI opened at $53.58 on Tuesday. The stock has a market cap of $239.50 million and a price-to-earnings ratio of 16.20. The company’s 50 day moving average price is $52.75 and its 200-day moving average price is $51.01. NEOS Russell 2000 High Income ETF has a 52 week low of $45.64 and a 52 week high of $53.86.
Institutional Investors Weigh In On NEOS Russell 2000 High Income ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in IWMI. Sunbelt Securities Inc. boosted its position in NEOS Russell 2000 High Income ETF by 40.3% in the first quarter. Sunbelt Securities Inc. now owns 9,956 shares of the company’s stock worth $472,000 after purchasing an additional 2,861 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of NEOS Russell 2000 High Income ETF during the 1st quarter valued at $2,307,000. FSA Advisors Inc. lifted its position in shares of NEOS Russell 2000 High Income ETF by 36.2% in the first quarter. FSA Advisors Inc. now owns 20,566 shares of the company’s stock valued at $975,000 after acquiring an additional 5,464 shares in the last quarter. Sound Income Strategies LLC bought a new position in NEOS Russell 2000 High Income ETF in the 1st quarter worth approximately $82,000. Finally, Private Trust Co. NA raised its holdings in shares of NEOS Russell 2000 High Income ETF by 11.6% during the 4th quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock worth $234,000 after acquiring an additional 500 shares in the last quarter.
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.
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