NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH) Short Interest Up 91.6% in August

NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 8,212 shares, a growth of 91.6% from the August 15th total of 4,285 shares. Based on an average daily trading volume, of 27,882 shares, the short-interest ratio is currently 0.3 days. Approximately 13.7% of the shares of the company are sold short.

NEOS S&P 500 Hedged Equity Income ETF Stock Performance

SPYH stock opened at $56.16 on Wednesday. NEOS S&P 500 Hedged Equity Income ETF has a 1 year low of $51.56 and a 1 year high of $57.16. The stock has a market capitalization of $3.37 million and a price-to-earnings ratio of 25.19. The stock’s fifty day moving average is $56.37 and its two-hundred day moving average is $55.47.

Institutional Trading of NEOS S&P 500 Hedged Equity Income ETF

An institutional investor recently raised its stake in NEOS S&P 500 Hedged Equity Income ETF stock. Sound Income Strategies LLC raised its position in shares of NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH) by 339.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,015 shares of the company’s stock after purchasing an additional 6,190 shares during the period. Sound Income Strategies LLC owned 13.36% of NEOS S&P 500 Hedged Equity Income ETF worth $424,000 at the end of the most recent quarter.

NEOS S&P 500 Hedged Equity Income ETF Company Profile

NEOS ETF Trust – NEOS S&P 500 Hedged Equity Income ETF is an exchange traded fund launched and managed by NEOS Investment Management, LLC. It invests in public equity markets of the United States. The fund invests directly and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. The fund invests in growth and value stocks of large-cap companies. The fund employs proprietary research to create its portfolio. NEOS ETF Trust – NEOS S&P 500 Hedged Equity Income ETF is domiciled in the United States.