NEOS Enhanced Income Aggregate Bond ETF (NYSEARCA:BNDI) Sees Large Drop in Short Interest

NEOS Enhanced Income Aggregate Bond ETF (NYSEARCA:BNDI) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 6,645 shares, a drop of 65.2% from the March 15th total of 19,075 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 19,951 shares, the short-interest ratio is currently 0.3 days.

NEOS Enhanced Income Aggregate Bond ETF Trading Up 0.1%

BNDI traded up $0.03 during trading on Monday, hitting $47.46. 17,478 shares of the company traded hands, compared to its average volume of 24,621. The company has a market cap of $166.11 million, a PE ratio of 24.67 and a beta of 0.31. The stock’s 50-day simple moving average is $47.46 and its two-hundred day simple moving average is $47.63. NEOS Enhanced Income Aggregate Bond ETF has a 1 year low of $45.94 and a 1 year high of $48.45.

Hedge Funds Weigh In On NEOS Enhanced Income Aggregate Bond ETF

A hedge fund recently bought a new stake in NEOS Enhanced Income Aggregate Bond ETF stock. Private Trust Co. NA bought a new position in NEOS Enhanced Income Aggregate Bond ETF (NYSEARCA:BNDI) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 4,305 shares of the company’s stock, valued at approximately $205,000. Private Trust Co. NA owned about 0.19% of NEOS Enhanced Income Aggregate Bond ETF as of its most recent SEC filing.

About NEOS Enhanced Income Aggregate Bond ETF

The Neos Enhanced Income Aggregate Bond ETF (BNDI) is an exchange-traded fund that is based on the U.S. Aggregate Bond index. The fund is an actively managed fund that invests in a diversified portfolio of fixed income securities with varying maturities and credit ratings while utilizing a US large-cap put-spread strategy. BNDI was launched on Aug 30, 2022 and is managed by Neos.