Short Interest in NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Expands By 100.9%

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 27,481 shares, an increase of 100.9% from the June 30th total of 13,680 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 29,950 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Ieq Capital LLC grew its holdings in shares of NEOS Enhanced Income Credit Select ETF by 0.7% during the 4th quarter. Ieq Capital LLC now owns 44,224 shares of the company’s stock valued at $2,226,000 after purchasing an additional 294 shares during the last quarter. Cerity Partners LLC boosted its position in NEOS Enhanced Income Credit Select ETF by 5.6% in the fourth quarter. Cerity Partners LLC now owns 10,942 shares of the company’s stock valued at $551,000 after buying an additional 576 shares in the last quarter. Kestra Advisory Services LLC boosted its position in NEOS Enhanced Income Credit Select ETF by 5.3% in the first quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock valued at $615,000 after buying an additional 623 shares in the last quarter. Focus Partners Wealth grew its stake in shares of NEOS Enhanced Income Credit Select ETF by 20.3% during the third quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock worth $242,000 after buying an additional 806 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of NEOS Enhanced Income Credit Select ETF by 9.9% during the first quarter. Janney Montgomery Scott LLC now owns 16,040 shares of the company’s stock worth $794,000 after buying an additional 1,440 shares in the last quarter.

NEOS Enhanced Income Credit Select ETF Trading Up 0.4%

Shares of HYBI traded up $0.20 during midday trading on Thursday, hitting $48.94. The company’s stock had a trading volume of 32,799 shares, compared to its average volume of 26,337. NEOS Enhanced Income Credit Select ETF has a one year low of $48.69 and a one year high of $51.17. The company’s fifty day simple moving average is $49.21 and its two-hundred day simple moving average is $49.63.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 17th. Shareholders of record on Wednesday, July 15th were given a $0.3298 dividend. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date was Wednesday, July 15th.

About NEOS Enhanced Income Credit Select ETF

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.