NEOS Russell 2000 High Income ETF (BATS:IWMI) Short Interest Up 401.9% in June

NEOS Russell 2000 High Income ETF (BATS:IWMI) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 192,351 shares, an increase of 401.9% from the June 15th total of 38,324 shares. Based on an average daily trading volume, of 345,165 shares, the short-interest ratio is currently 0.6 days. Approximately 4.3% of the company’s shares are sold short.

Institutional Investors Weigh In On NEOS Russell 2000 High Income ETF

A number of institutional investors have recently made changes to their positions in IWMI. Private Trust Co. NA boosted its position in shares of NEOS Russell 2000 High Income ETF by 11.6% during the fourth quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock valued at $234,000 after buying an additional 500 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of NEOS Russell 2000 High Income ETF by 12.4% during the 4th quarter. Sunbelt Securities Inc. now owns 7,095 shares of the company’s stock worth $345,000 after acquiring an additional 781 shares during the last quarter. Sound Income Strategies LLC purchased a new position in NEOS Russell 2000 High Income ETF during the first quarter valued at $82,000. FSA Advisors Inc. grew its stake in shares of NEOS Russell 2000 High Income ETF by 36.2% during the 1st quarter. FSA Advisors Inc. now owns 20,566 shares of the company’s stock valued at $975,000 after acquiring an additional 5,464 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of NEOS Russell 2000 High Income ETF in the first quarter worth approximately $2,307,000.

NEOS Russell 2000 High Income ETF Stock Performance

Shares of BATS:IWMI opened at $53.09 on Monday. NEOS Russell 2000 High Income ETF has a 52-week low of $44.52 and a 52-week high of $53.86. The firm has a market capitalization of $237.31 million and a P/E ratio of 16.20. The stock has a 50 day moving average price of $52.23 and a 200-day moving average price of $50.54.

About NEOS Russell 2000 High Income ETF

The NEOS Russell 2000 High Income ETF (IWMI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund-of-fund that seeks to generate income by investing in constituents of the Russell 2000 Index while also employing a call option strategy. IWMI was launched on Jun 25, 2024 and is issued by Neos.