Short Interest in NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Decreases By 58.7%

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 7,052 shares, a drop of 58.7% from the November 30th total of 17,077 shares. Based on an average trading volume of 19,234 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 19,234 shares, the days-to-cover ratio is presently 0.4 days.

NEOS Enhanced Income Credit Select ETF Trading Down 0.0%

NASDAQ:HYBI traded down $0.01 during midday trading on Friday, reaching $50.31. 26,119 shares of the stock traded hands, compared to its average volume of 17,862. The company has a fifty day moving average of $50.39 and a 200 day moving average of $50.49. NEOS Enhanced Income Credit Select ETF has a 12 month low of $46.95 and a 12 month high of $51.85.

NEOS Enhanced Income Credit Select ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a $0.3382 dividend. The ex-dividend date was Wednesday, December 24th.

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. Jane Street Group LLC increased its stake in NEOS Enhanced Income Credit Select ETF by 23.0% during the 1st quarter. Jane Street Group LLC now owns 58,031 shares of the company’s stock valued at $2,896,000 after purchasing an additional 10,870 shares in the last quarter. Tectonic Advisors LLC bought a new position in NEOS Enhanced Income Credit Select ETF in the 2nd quarter valued at approximately $202,000. CWM LLC bought a new position in NEOS Enhanced Income Credit Select ETF in the 2nd quarter valued at approximately $56,000. Brookwood Investment Group LLC boosted its stake in NEOS Enhanced Income Credit Select ETF by 138.8% during the 2nd quarter. Brookwood Investment Group LLC now owns 12,905 shares of the company’s stock valued at $651,000 after purchasing an additional 7,501 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of NEOS Enhanced Income Credit Select ETF during the second quarter valued at $760,000.

About NEOS Enhanced Income Credit Select ETF

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.