NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Short Interest Down 86.1% in January

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 5,931 shares, a drop of 86.1% from the December 31st total of 42,669 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 23,073 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 23,073 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

NEOS Enhanced Income Credit Select ETF Stock Performance

HYBI stock traded down $0.06 during midday trading on Wednesday, reaching $50.32. The stock had a trading volume of 34,536 shares, compared to its average volume of 24,919. NEOS Enhanced Income Credit Select ETF has a 52-week low of $46.95 and a 52-week high of $51.85. The firm has a fifty day simple moving average of $50.38 and a two-hundred day simple moving average of $50.49.

NEOS Enhanced Income Credit Select ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, January 14th were paid a dividend of $0.3386 per share. This is an increase from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.34. The ex-dividend date was Wednesday, January 14th. This represents a c) annualized dividend and a yield of 8.1%.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

Hedge funds have recently added to or reduced their stakes in the business. Clearstead Advisors LLC lifted its stake in NEOS Enhanced Income Credit Select ETF by 6.6% in the third quarter. Clearstead Advisors LLC now owns 793,000 shares of the company’s stock worth $40,213,000 after acquiring an additional 48,993 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of NEOS Enhanced Income Credit Select ETF by 23.0% in the 1st quarter. Jane Street Group LLC now owns 58,031 shares of the company’s stock valued at $2,896,000 after purchasing an additional 10,870 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of NEOS Enhanced Income Credit Select ETF by 410.8% in the third quarter. Citadel Advisors LLC now owns 27,005 shares of the company’s stock valued at $1,369,000 after acquiring an additional 21,718 shares during the period. Brookwood Investment Group LLC increased its position in NEOS Enhanced Income Credit Select ETF by 32.6% in the 4th quarter. Brookwood Investment Group LLC now owns 22,486 shares of the company’s stock valued at $1,132,000 after acquiring an additional 5,523 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in shares of NEOS Enhanced Income Credit Select ETF in the 2nd quarter worth $760,000.

NEOS Enhanced Income Credit Select ETF Company Profile

The NEOS Enhanced Income Credit Select ETF (HYBI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds, investing in US bonds via ETFs and using S&P 500 put options for tax-efficient monthly income. The fund seeks to balance investments in high-yield and investment-grade securities, aiming for total return. HYBI was launched on Sep 30, 2024 and is issued by Neos.