NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Sees Large Decline in Short Interest

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 6,247 shares, a drop of 69.1% from the May 14th total of 20,220 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 24,889 shares, the days-to-cover ratio is presently 0.3 days.

NEOS Enhanced Income Credit Select ETF Trading Up 0.1%

Shares of NEOS Enhanced Income Credit Select ETF stock traded up $0.04 on Friday, hitting $49.19. 56,467 shares of the company’s stock were exchanged, compared to its average volume of 25,668. The company has a 50-day simple moving average of $49.50 and a 200-day simple moving average of $49.93. NEOS Enhanced Income Credit Select ETF has a 1 year low of $48.75 and a 1 year high of $51.17.

NEOS Enhanced Income Credit Select ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 12th. Stockholders of record on Wednesday, June 10th were paid a dividend of $0.3299 per share. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date was Wednesday, June 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HYBI. Clearstead Advisors LLC lifted its stake in shares of NEOS Enhanced Income Credit Select ETF by 6.7% during the 4th quarter. Clearstead Advisors LLC now owns 845,780 shares of the company’s stock valued at $42,564,000 after buying an additional 52,780 shares in the last quarter. RFG Advisory LLC purchased a new position in shares of NEOS Enhanced Income Credit Select ETF during the 4th quarter valued at $1,631,000. Citadel Advisors LLC lifted its stake in shares of NEOS Enhanced Income Credit Select ETF by 410.8% during the 3rd quarter. Citadel Advisors LLC now owns 27,005 shares of the company’s stock valued at $1,369,000 after buying an additional 21,718 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of NEOS Enhanced Income Credit Select ETF during the 4th quarter valued at $735,000. Finally, Jane Street Group LLC lifted its stake in shares of NEOS Enhanced Income Credit Select ETF by 23.0% during the 1st quarter. Jane Street Group LLC now owns 58,031 shares of the company’s stock valued at $2,896,000 after buying an additional 10,870 shares in the last quarter.

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.