NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Sees Large Growth in Short Interest

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 27,481 shares, an increase of 100.9% from the June 30th total of 13,680 shares. Based on an average daily volume of 29,950 shares, the short-interest ratio is presently 0.9 days. Approximately 0.6% of the company’s stock are short sold.

NEOS Enhanced Income Credit Select ETF Stock Performance

NASDAQ HYBI opened at $48.84 on Wednesday. NEOS Enhanced Income Credit Select ETF has a fifty-two week low of $48.69 and a fifty-two week high of $51.17. The stock’s 50-day moving average is $49.22 and its two-hundred day moving average is $49.64.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 17th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.3298 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 8.1%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ieq Capital LLC boosted its holdings in NEOS Enhanced Income Credit Select ETF by 0.7% during the fourth quarter. Ieq Capital LLC now owns 44,224 shares of the company’s stock valued at $2,226,000 after acquiring an additional 294 shares during the period. Cerity Partners LLC increased its position in NEOS Enhanced Income Credit Select ETF by 5.6% in the 4th quarter. Cerity Partners LLC now owns 10,942 shares of the company’s stock worth $551,000 after buying an additional 576 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of NEOS Enhanced Income Credit Select ETF by 5.3% during the first quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock worth $615,000 after buying an additional 623 shares during the last quarter. Focus Partners Wealth grew its stake in shares of NEOS Enhanced Income Credit Select ETF by 20.3% in the third quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock worth $242,000 after acquiring an additional 806 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in NEOS Enhanced Income Credit Select ETF by 9.9% during the first quarter. Janney Montgomery Scott LLC now owns 16,040 shares of the company’s stock worth $794,000 after acquiring an additional 1,440 shares during the period.

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.