NEOS Russell 2000 High Income ETF (BATS:IWMI) Sees Significant Drop in Short Interest

NEOS Russell 2000 High Income ETF (BATS:IWMI) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 48,622 shares, a drop of 39.8% from the July 15th total of 80,729 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 379,000 shares, the days-to-cover ratio is presently 0.1 days.

NEOS Russell 2000 High Income ETF Trading Down 0.1%

Shares of NEOS Russell 2000 High Income ETF stock opened at $53.58 on Tuesday. NEOS Russell 2000 High Income ETF has a 12-month low of $45.64 and a 12-month high of $53.86. The company’s fifty day simple moving average is $52.75 and its two-hundred day simple moving average is $51.01. The company has a market cap of $239.50 million and a P/E ratio of 16.20.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IWMI. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of NEOS Russell 2000 High Income ETF during the first quarter valued at approximately $2,307,000. FSA Advisors Inc. purchased a new stake in shares of NEOS Russell 2000 High Income ETF in the fourth quarter worth $735,000. Sunbelt Securities Inc. bought a new position in shares of NEOS Russell 2000 High Income ETF during the third quarter valued at $307,000. Sound Income Strategies LLC bought a new position in shares of NEOS Russell 2000 High Income ETF during the first quarter valued at $82,000. Finally, Private Trust Co. NA raised its position in shares of NEOS Russell 2000 High Income ETF by 11.6% in the 4th quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock worth $234,000 after purchasing an additional 500 shares during the last quarter.

NEOS Russell 2000 High Income ETF Company Profile

The NEOS Russell 2000 High Income ETF (IWMI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund-of-fund that seeks to generate income by investing in constituents of the Russell 2000 Index while also employing a call option strategy. IWMI was launched on Jun 25, 2024 and is issued by Neos.