NEOS S&P 500 High Income ETF (BATS:SPYI) Sees Significant Increase in Short Interest

NEOS S&P 500 High Income ETF (BATS:SPYI) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,005,373 shares, a growth of 191.3% from the May 31st total of 688,400 shares. Based on an average trading volume of 3,510,840 shares, the short-interest ratio is presently 0.6 days. Approximately 2.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On NEOS S&P 500 High Income ETF

A number of hedge funds have recently made changes to their positions in SPYI. Foguth Wealth Management LLC. boosted its position in NEOS S&P 500 High Income ETF by 927.5% in the first quarter. Foguth Wealth Management LLC. now owns 1,214,307 shares of the company’s stock valued at $65,439,000 after buying an additional 1,096,123 shares in the last quarter. LPL Financial LLC increased its holdings in shares of NEOS S&P 500 High Income ETF by 36.5% during the fourth quarter. LPL Financial LLC now owns 3,139,873 shares of the company’s stock worth $164,938,000 after buying an additional 839,220 shares in the last quarter. UBS Group AG increased its holdings in shares of NEOS S&P 500 High Income ETF by 77.9% during the fourth quarter. UBS Group AG now owns 1,054,374 shares of the company’s stock worth $55,386,000 after buying an additional 461,724 shares in the last quarter. Royal Bank of Canada raised its stake in shares of NEOS S&P 500 High Income ETF by 80.6% in the fourth quarter. Royal Bank of Canada now owns 927,241 shares of the company’s stock valued at $48,707,000 after acquiring an additional 413,801 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new position in shares of NEOS S&P 500 High Income ETF in the fourth quarter valued at approximately $12,635,000.

NEOS S&P 500 High Income ETF Price Performance

NEOS S&P 500 High Income ETF stock opened at $52.72 on Tuesday. The firm has a market capitalization of $4.35 billion, a P/E ratio of 25.58 and a beta of 0.71. The stock has a fifty day moving average price of $53.00 and a two-hundred day moving average price of $52.28. NEOS S&P 500 High Income ETF has a 52-week low of $47.77 and a 52-week high of $54.11.

NEOS S&P 500 High Income ETF Company Profile

The Neos S&P 500(R) High Income ETF (SPYI) is an exchange-traded fund that mostly invests in total market equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts. SPYI was launched on Aug 30, 2022 and is managed by Neos.