NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Short Interest Down 86.1% in January

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 5,931 shares, a drop of 86.1% from the December 31st total of 42,669 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 23,073 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 23,073 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC raised its position in NEOS Enhanced Income Credit Select ETF by 23.0% in the 1st quarter. Jane Street Group LLC now owns 58,031 shares of the company’s stock valued at $2,896,000 after buying an additional 10,870 shares during the last quarter. Tectonic Advisors LLC acquired a new stake in shares of NEOS Enhanced Income Credit Select ETF in the second quarter valued at approximately $202,000. CWM LLC bought a new position in NEOS Enhanced Income Credit Select ETF during the second quarter worth $56,000. Brookwood Investment Group LLC grew its stake in NEOS Enhanced Income Credit Select ETF by 138.8% in the 2nd quarter. Brookwood Investment Group LLC now owns 12,905 shares of the company’s stock valued at $651,000 after buying an additional 7,501 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new position in shares of NEOS Enhanced Income Credit Select ETF in the second quarter valued at approximately $760,000.

NEOS Enhanced Income Credit Select ETF Stock Performance

NEOS Enhanced Income Credit Select ETF stock traded down $0.02 during trading hours on Thursday, reaching $50.30. 17,722 shares of the company’s stock traded hands, compared to its average volume of 24,538. NEOS Enhanced Income Credit Select ETF has a fifty-two week low of $46.95 and a fifty-two week high of $51.85. The firm’s 50 day moving average is $50.38 and its 200-day moving average is $50.49.

NEOS Enhanced Income Credit Select ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 16th. Investors of record on Wednesday, January 14th were issued a $0.3386 dividend. This is an increase from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date was Wednesday, January 14th.

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.