NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) Trading Down 2.4% – Here’s What Happened

NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) shares were down 2.4% on Thursday . The stock traded as low as $47.34 and last traded at $47.51. Approximately 271,317 shares changed hands during trading, an increase of 142% from the average daily volume of 112,264 shares. The stock had previously closed at $48.70.

NEOS Russell 2000 High Income ETF Trading Down 2.4%

The stock has a market cap of $352.52 million, a price-to-earnings ratio of 16.33 and a beta of 1.14. The firm’s 50-day moving average is $48.77 and its two-hundred day moving average is $46.67.

Institutional Trading of NEOS Russell 2000 High Income ETF

Several large investors have recently made changes to their positions in the company. PVG Asset Management Corp acquired a new position in NEOS Russell 2000 High Income ETF in the 2nd quarter valued at $228,000. Private Trust Co. NA grew its holdings in shares of NEOS Russell 2000 High Income ETF by 330.0% during the third quarter. Private Trust Co. NA now owns 4,300 shares of the company’s stock worth $209,000 after buying an additional 3,300 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of NEOS Russell 2000 High Income ETF by 250.7% in the third quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock valued at $51,000 after buying an additional 752 shares during the last quarter.

NEOS Russell 2000 High Income ETF Company Profile

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.