NEOS S&P 500 High Income ETF (BATS:SPYI) Short Interest Down 54.8% in June

NEOS S&P 500 High Income ETF (BATS:SPYI) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 906,901 shares, a decrease of 54.8% from the June 15th total of 2,005,373 shares. Based on an average trading volume of 2,558,391 shares, the short-interest ratio is currently 0.4 days. Currently, 1.1% of the company’s stock are sold short.

Institutional Trading of NEOS S&P 500 High Income ETF

Hedge funds have recently bought and sold shares of the stock. United Community Bank bought a new position in shares of NEOS S&P 500 High Income ETF in the 4th quarter worth $26,000. HFM Investment Advisors LLC purchased a new position in NEOS S&P 500 High Income ETF in the fourth quarter valued at about $27,000. Root Financial Partners LLC grew its stake in NEOS S&P 500 High Income ETF by 79.2% in the first quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 255 shares during the last quarter. Optima Capital LLC bought a new position in NEOS S&P 500 High Income ETF in the fourth quarter worth about $37,000. Finally, Advocate Investing Services LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF during the first quarter valued at about $39,000.

NEOS S&P 500 High Income ETF Stock Performance

BATS:SPYI opened at $53.74 on Thursday. NEOS S&P 500 High Income ETF has a one year low of $47.77 and a one year high of $54.11. The firm has a market cap of $4.44 billion, a P/E ratio of 25.58 and a beta of 0.71. The firm has a 50-day simple moving average of $53.24 and a 200-day simple moving average of $52.32.

About NEOS S&P 500 High Income ETF

The Neos S&P 500(R) High Income ETF (SPYI) is an exchange-traded fund that mostly invests in total market equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts. SPYI was launched on Aug 30, 2022 and is managed by Neos.