Short Interest in NEOS S&P 500 High Income ETF (BATS:SPYI) Rises By 217.8%

NEOS S&P 500 High Income ETF (BATS:SPYI) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 2,882,262 shares, an increase of 217.8% from the June 30th total of 906,901 shares. Based on an average daily volume of 2,186,107 shares, the days-to-cover ratio is presently 1.3 days. Currently, 3.5% of the shares of the company are sold short.

NEOS S&P 500 High Income ETF Stock Up 0.1%

SPYI opened at $52.30 on Friday. The firm has a market capitalization of $4.32 billion, a P/E ratio of 25.58 and a beta of 0.71. The stock’s 50 day moving average price is $53.15 and its two-hundred day moving average price is $52.34. NEOS S&P 500 High Income ETF has a 12-month low of $47.77 and a 12-month high of $54.11.

Institutional Investors Weigh In On NEOS S&P 500 High Income ETF

Several hedge funds have recently modified their holdings of SPYI. United Community Bank bought a new position in NEOS S&P 500 High Income ETF during the fourth quarter worth $26,000. HFM Investment Advisors LLC bought a new stake in NEOS S&P 500 High Income ETF in the 4th quarter valued at $27,000. Root Financial Partners LLC grew its position in NEOS S&P 500 High Income ETF by 79.2% in the 1st quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 255 shares during the last quarter. Optima Capital LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the 4th quarter worth about $37,000. Finally, Advocate Investing Services LLC acquired a new position 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 Company Profile

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.