NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Short Interest Up 333.1% in August

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 16,054 shares, an increase of 333.1% from the August 15th total of 3,707 shares. Based on an average daily trading volume, of 18,579 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company’s shares are short sold.

NEOS Enhanced Income Credit Select ETF Stock Down 0.1%

Shares of NASDAQ:HYBI opened at $48.26 on Friday. The stock’s 50-day moving average price is $49.00 and its 200-day moving average price is $49.33. NEOS Enhanced Income Credit Select ETF has a 12-month low of $48.25 and a 12-month high of $51.17.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 11th. Investors of record on Wednesday, September 9th were issued a dividend of $0.3277 per share. The ex-dividend date was Wednesday, September 9th. This represents a c) annualized dividend and a yield of 8.1%.

Hedge Funds Weigh In On NEOS Enhanced Income Credit Select ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clearstead Advisors LLC lifted its position in 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 purchasing an additional 52,780 shares during the last quarter. Triumph Capital Management bought a new position in shares of NEOS Enhanced Income Credit Select ETF in the second quarter worth approximately $826,000. Jane Street Group LLC increased its stake in shares of NEOS Enhanced Income Credit Select ETF by 60.7% in the fourth quarter. Jane Street Group LLC now owns 22,949 shares of the company’s stock worth $1,155,000 after buying an additional 8,669 shares during the period. Citadel Advisors LLC increased its stake in shares of NEOS Enhanced Income Credit Select ETF by 410.8% in the third quarter. Citadel Advisors LLC now owns 27,005 shares of the company’s stock worth $1,369,000 after buying an additional 21,718 shares during the period. Finally, Ieq Capital LLC increased its stake in shares of NEOS Enhanced Income Credit Select ETF by 0.7% in the fourth quarter. Ieq Capital LLC now owns 44,224 shares of the company’s stock worth $2,226,000 after buying an additional 294 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.