NEOS Russell 2000 High Income ETF (BATS:IWMI) Short Interest Down 89.9% in May

NEOS Russell 2000 High Income ETF (BATS:IWMI) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 27,084 shares, a drop of 89.9% from the May 14th total of 268,980 shares. Based on an average trading volume of 311,802 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On NEOS Russell 2000 High Income ETF

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

NEOS Russell 2000 High Income ETF Trading Up 0.1%

Shares of BATS IWMI traded up $0.06 during midday trading on Tuesday, reaching $51.53. 328,645 shares of the stock were exchanged, compared to its average volume of 378,201. The company has a market capitalization of $230.34 million and a P/E ratio of 16.20. NEOS Russell 2000 High Income ETF has a 52-week low of $44.52 and a 52-week high of $52.71. The stock has a 50 day moving average price of $50.73 and a 200-day moving average price of $49.93.

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.