NEOS S&P 500 High Income ETF (BATS:SPYI – Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 804,692 shares, a decline of 72.1% from the July 15th total of 2,882,262 shares. Based on an average daily trading volume, of 2,884,781 shares, the short-interest ratio is currently 0.3 days. Currently, 1.0% of the shares of the company are sold short.
NEOS S&P 500 High Income ETF Stock Up 0.4%
Shares of BATS:SPYI opened at $54.41 on Friday. The company has a market cap of $4.49 billion, a PE ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a fifty-two week low of $47.77 and a fifty-two week high of $54.47. The firm has a 50-day simple moving average of $53.10 and a 200 day simple moving average of $52.39.
Hedge Funds Weigh In On NEOS S&P 500 High Income ETF
Several institutional investors have recently made changes to their positions in the stock. United Community Bank bought a new stake in shares of NEOS S&P 500 High Income ETF in the 4th quarter worth approximately $26,000. HFM Investment Advisors LLC bought a new position in NEOS S&P 500 High Income ETF during the 4th quarter worth $27,000. Root Financial Partners LLC grew its stake in NEOS S&P 500 High Income ETF by 79.2% during the 1st quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 255 shares during the last quarter. Optima Capital LLC acquired a new stake in NEOS S&P 500 High Income ETF in the fourth quarter worth $37,000. Finally, Advocate Investing Services LLC acquired a new stake in NEOS S&P 500 High Income ETF in the first quarter worth $39,000.
About NEOS S&P 500 High Income ETF
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.
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