NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH) Short Interest Up 85.5% in June

NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 27,037 shares, an increase of 85.5% from the May 31st total of 14,575 shares. Based on an average trading volume of 9,931 shares, the short-interest ratio is presently 2.7 days. Approximately 45.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in NEOS S&P 500 Hedged Equity Income ETF stock. Sound Income Strategies LLC purchased a new position in shares of NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,825 shares of the company’s stock, valued at approximately $102,000. Sound Income Strategies LLC owned 3.04% of NEOS S&P 500 Hedged Equity Income ETF as of its most recent SEC filing.

NEOS S&P 500 Hedged Equity Income ETF Price Performance

BATS SPYH opened at $55.75 on Thursday. The company has a fifty day moving average of $55.76 and a two-hundred day moving average of $55.12. The company has a market capitalization of $3.35 million and a PE ratio of 25.19. NEOS S&P 500 Hedged Equity Income ETF has a 1 year low of $51.56 and a 1 year high of $56.67.

NEOS S&P 500 Hedged Equity Income ETF Company Profile

NEOS ETF Trust – NEOS S&P 500 Hedged Equity Income ETF is an exchange traded fund launched and managed by NEOS Investment Management, LLC. It invests in public equity markets of the United States. The fund invests directly and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. The fund invests in growth and value stocks of large-cap companies. The fund employs proprietary research to create its portfolio. NEOS ETF Trust – NEOS S&P 500 Hedged Equity Income ETF is domiciled in the United States.