NEOS S&P 500 High Income ETF (BATS:SPYI) Short Interest Update

NEOS S&P 500 High Income ETF (BATS:SPYI) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 906,901 shares, a drop of 54.8% from the June 15th total of 2,005,373 shares. Based on an average daily trading volume, of 2,558,391 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.1% of the company’s shares are sold short.

NEOS S&P 500 High Income ETF Price Performance

Shares of SPYI stock opened at $53.37 on Tuesday. The stock has a market capitalization of $4.41 billion, a PE ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 1-year low of $47.77 and a 1-year high of $54.11. The business has a 50-day moving average of $53.21 and a 200 day moving average of $52.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SPYI. Foguth Wealth Management LLC. increased its stake in shares of NEOS S&P 500 High Income ETF by 927.5% in the first quarter. Foguth Wealth Management LLC. now owns 1,214,307 shares of the company’s stock worth $65,439,000 after buying an additional 1,096,123 shares during the period. LPL Financial LLC boosted its position in NEOS S&P 500 High Income ETF by 36.5% during the 4th quarter. LPL Financial LLC now owns 3,139,873 shares of the company’s stock valued at $164,938,000 after buying an additional 839,220 shares during the period. UBS Group AG grew its holdings in NEOS S&P 500 High Income ETF by 77.9% in the 4th quarter. UBS Group AG now owns 1,054,374 shares of the company’s stock worth $55,386,000 after acquiring an additional 461,724 shares during the last quarter. Royal Bank of Canada raised its stake in shares of NEOS S&P 500 High Income ETF by 80.6% during the fourth quarter. Royal Bank of Canada now owns 927,241 shares of the company’s stock valued at $48,707,000 after acquiring an additional 413,801 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the fourth quarter valued at about $12,635,000.

About NEOS S&P 500 High Income ETF

The Neos S&P 500(R) High Income ETF (SPYI) is an exchange-traded fund that mostly invests in total market equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts. SPYI was launched on Aug 30, 2022 and is managed by Neos.