Short Interest in NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Rises By 199.3%

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 18,699 shares, an increase of 199.3% from the May 31st total of 6,247 shares. Based on an average trading volume of 41,938 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Clearstead Advisors LLC raised its stake in shares of NEOS Enhanced Income Credit Select ETF by 6.7% in the fourth quarter. Clearstead Advisors LLC now owns 845,780 shares of the company’s stock valued at $42,564,000 after acquiring an additional 52,780 shares during the period. 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 worth $2,896,000 after purchasing an additional 10,870 shares during the period. Ieq Capital LLC raised its position in NEOS Enhanced Income Credit Select ETF by 0.7% in the 4th quarter. Ieq Capital LLC now owns 44,224 shares of the company’s stock worth $2,226,000 after purchasing an additional 294 shares during the period. RFG Advisory LLC lifted its stake in NEOS Enhanced Income Credit Select ETF by 9.1% in the first quarter. RFG Advisory LLC now owns 35,365 shares of the company’s stock worth $1,750,000 after purchasing an additional 2,948 shares during the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of NEOS Enhanced Income Credit Select ETF by 410.8% during the third 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 during the period.

NEOS Enhanced Income Credit Select ETF Trading Up 0.1%

HYBI traded up $0.03 on Friday, hitting $49.20. The company had a trading volume of 21,347 shares, compared to its average volume of 25,328. The business’s fifty day simple moving average is $49.40 and its 200 day simple moving average is $49.84. NEOS Enhanced Income Credit Select ETF has a 12-month low of $48.75 and a 12-month high of $51.17.

NEOS Enhanced Income Credit Select ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, June 12th. Stockholders of record on Wednesday, June 10th were issued a $0.3299 dividend. The ex-dividend date was Wednesday, June 10th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

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.