Short Interest in NEOS Russell 2000 High Income ETF (BATS:IWMI) Declines By 48.0%

NEOS Russell 2000 High Income ETF (BATS:IWMI) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 325,861 shares, a decrease of 48.0% from the April 15th total of 626,108 shares. Based on an average daily volume of 317,595 shares, the short-interest ratio is presently 1.0 days. Currently, 7.3% of the company’s stock are sold short.

NEOS Russell 2000 High Income ETF Stock Performance

Shares of IWMI opened at $51.10 on Friday. The company has a 50 day moving average price of $49.40 and a 200-day moving average price of $49.54. NEOS Russell 2000 High Income ETF has a fifty-two week low of $43.19 and a fifty-two week high of $52.28. The stock has a market capitalization of $228.42 million and a PE ratio of 16.20.

Institutional Investors Weigh In On NEOS Russell 2000 High Income ETF

Several hedge funds have recently modified their holdings of IWMI. CoreCap Advisors LLC raised its stake in shares of NEOS Russell 2000 High Income ETF by 250.7% during the 3rd quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock worth $51,000 after acquiring an additional 752 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of NEOS Russell 2000 High Income ETF during the 3rd quarter worth approximately $307,000. Private Trust Co. NA raised its stake in shares of NEOS Russell 2000 High Income ETF by 11.6% during the 4th quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock worth $234,000 after acquiring an additional 500 shares in the last quarter. FSA Advisors Inc. bought a new position in shares of NEOS Russell 2000 High Income ETF during the 4th quarter worth approximately $735,000. Finally, Sound Income Strategies LLC bought a new position in shares of NEOS Russell 2000 High Income ETF during the 1st quarter worth approximately $82,000.

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.