NEOS S&P 500 High Income ETF (BATS:SPYI) Shares Shorted: Short Interest Down 43.4% in September

NEOS S&P 500 High Income ETF (BATS:SPYI) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 1,189,900 shares, a decrease of 43.4% from the September 15th total of 2,101,703 shares. Based on an average daily trading volume, of 2,746,609 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPYI. Hengehold Capital Management LLC bought a new stake in shares of NEOS S&P 500 High Income ETF in the 3rd quarter valued at about $299,000. Cyndeo Wealth Partners LLC purchased a new stake in shares of NEOS S&P 500 High Income ETF in the 3rd quarter worth approximately $347,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of NEOS S&P 500 High Income ETF during the third quarter valued at approximately $74,000. Howard Capital Management LLC boosted its stake in shares of NEOS S&P 500 High Income ETF by 7.5% during the third quarter. Howard Capital Management LLC now owns 1,073,896 shares of the company’s stock valued at $57,099,000 after purchasing an additional 75,281 shares in the last quarter. Finally, Annex Advisory Services LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the third quarter valued at approximately $305,000.

NEOS S&P 500 High Income ETF Trading Down 0.9%

Shares of NEOS S&P 500 High Income ETF stock opened at $53.35 on Friday. The firm has a market cap of $4.41 billion, a P/E ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a 12 month low of $47.77 and a 12 month high of $54.47. The stock’s fifty day moving average price is $53.66 and its 200-day moving average price is $53.02.

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.