NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 14,262 shares, a growth of 103.0% from the October 15th total of 7,027 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average daily volume of 10,350 shares, the days-to-cover ratio is currently 1.4 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in NEOS S&P 500 Hedged Equity Income ETF stock. NFSG Corp acquired a new stake in NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH – Free Report) in the third quarter, according to its most recent filing with the SEC. The fund acquired 442 shares of the company’s stock, valued at approximately $25,000. NFSG Corp owned approximately 0.74% of NEOS S&P 500 Hedged Equity Income ETF at the end of the most recent quarter.
NEOS S&P 500 Hedged Equity Income ETF Price Performance
Shares of SPYH traded down $0.12 during trading hours on Friday, hitting $55.60. The company’s stock had a trading volume of 2,942 shares, compared to its average volume of 12,550. The business has a 50 day simple moving average of $56.33 and a two-hundred day simple moving average of $55.64. NEOS S&P 500 Hedged Equity Income ETF has a 52-week low of $51.56 and a 52-week high of $57.38. The company has a market cap of $37.81 million and a price-to-earnings ratio of 22.90.
About NEOS S&P 500 Hedged Equity Income ETF
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.
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