NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Shares Shorted: Short Interest Up 449.4% in October

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 4,890 shares, an increase of 449.4% from the October 15th total of 890 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 31,133 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On NEOS Enhanced Income Credit Select ETF

A number of hedge funds have recently bought and sold shares of HYBI. Triumph Capital Management acquired a new stake in NEOS Enhanced Income Credit Select ETF in the second quarter valued at approximately $826,000. HighTower Advisors LLC acquired a new position in shares of NEOS Enhanced Income Credit Select ETF during the 3rd quarter worth approximately $490,000. RFG Advisory LLC raised its stake in shares of NEOS Enhanced Income Credit Select ETF by 26.3% during the 2nd quarter. RFG Advisory LLC now owns 44,682 shares of the company’s stock worth $2,200,000 after buying an additional 9,317 shares during the period. World Equity Group Inc. acquired a new position in shares of NEOS Enhanced Income Credit Select ETF during the 1st quarter worth approximately $217,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of NEOS Enhanced Income Credit Select ETF by 43.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,083 shares of the company’s stock valued at $546,000 after buying an additional 3,362 shares in the last quarter.

NEOS Enhanced Income Credit Select ETF Trading Up 0.1%

Shares of HYBI stock traded up $0.04 during mid-day trading on Wednesday, hitting $47.65. 7,412 shares of the stock were exchanged, compared to its average volume of 26,059. The firm has a fifty day moving average of $48.19 and a 200 day moving average of $49.17. NEOS Enhanced Income Credit Select ETF has a 52-week low of $47.56 and a 52-week high of $50.61.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, November 10th will be issued a $0.3205 dividend. This represents a $3.85 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a negative change from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.3235.

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.