NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Shares Shorted: Short Interest Down 74.5% in October

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 890 shares, a decrease of 74.5% from the September 30th total of 3,497 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 34,073 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

Several hedge funds have recently modified their holdings of the stock. RFG Advisory LLC boosted its holdings in NEOS Enhanced Income Credit Select ETF by 26.3% in the 2nd quarter. RFG Advisory LLC now owns 44,682 shares of the company’s stock worth $2,200,000 after acquiring an additional 9,317 shares during the period. Triumph Capital Management purchased a new stake in shares of NEOS Enhanced Income Credit Select ETF during the second quarter valued at approximately $826,000. Janney Montgomery Scott LLC raised its stake 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 valued at $794,000 after purchasing an additional 1,440 shares during the period. Kestra Advisory Services LLC lifted its position in shares of NEOS Enhanced Income Credit Select ETF by 5.3% during the first quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock worth $615,000 after purchasing an additional 623 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in NEOS Enhanced Income Credit Select ETF by 43.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,083 shares of the company’s stock worth $546,000 after buying an additional 3,362 shares in the last quarter.

NEOS Enhanced Income Credit Select ETF Price Performance

HYBI stock traded down $0.01 during trading on Wednesday, reaching $48.09. 20,066 shares of the stock traded hands, compared to its average volume of 26,222. The business’s 50 day moving average price is $48.39 and its 200-day moving average price is $49.29. NEOS Enhanced Income Credit Select ETF has a 52-week low of $47.77 and a 52-week high of $50.61.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, October 14th were given a $0.3235 dividend. This represents a $3.88 annualized dividend and a yield of 8.1%. This is a drop from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.3277. The ex-dividend date of this dividend was Wednesday, October 14th.

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.