NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Sees Large Growth in Short Interest

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 27,481 shares, an increase of 100.9% from the June 30th total of 13,680 shares. Based on an average daily trading volume, of 29,950 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the shares of the company are sold short.

NEOS Enhanced Income Credit Select ETF Trading Up 0.1%

Shares of HYBI stock opened at $48.84 on Wednesday. NEOS Enhanced Income Credit Select ETF has a 12 month low of $48.69 and a 12 month high of $51.17. The stock has a 50 day moving average of $49.22 and a two-hundred day moving average of $49.64.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 17th. Shareholders of record on Wednesday, July 15th were issued a $0.3298 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Wednesday, July 15th.

Institutional Trading of NEOS Enhanced Income Credit Select ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYBI. Clearstead Advisors LLC lifted its stake in NEOS Enhanced Income Credit Select ETF by 6.7% during the fourth quarter. Clearstead Advisors LLC now owns 845,780 shares of the company’s stock worth $42,564,000 after purchasing an additional 52,780 shares during the period. RFG Advisory LLC acquired a new stake in NEOS Enhanced Income Credit Select ETF in the 4th quarter valued at $1,631,000. Citadel Advisors LLC boosted its stake in NEOS Enhanced Income Credit Select ETF by 410.8% in the 3rd quarter. Citadel Advisors LLC now owns 27,005 shares of the company’s stock valued at $1,369,000 after buying an additional 21,718 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in NEOS Enhanced Income Credit Select ETF in the fourth quarter valued at $735,000. Finally, Jane Street Group LLC grew its position in NEOS Enhanced Income Credit Select ETF by 23.0% in the first quarter. Jane Street Group LLC now owns 58,031 shares of the company’s stock valued at $2,896,000 after acquiring an additional 10,870 shares during the period.

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.