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

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 22,634 shares, an increase of 281.6% from the January 15th total of 5,931 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 24,779 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 24,779 shares, the short-interest ratio is presently 0.9 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC purchased a new position in shares of NEOS Enhanced Income Credit Select ETF in the 2nd quarter worth about $56,000. Aptus Capital Advisors LLC acquired a new stake in shares of NEOS Enhanced Income Credit Select ETF during the 3rd quarter worth approximately $145,000. World Equity Group Inc. lifted its stake in NEOS Enhanced Income Credit Select ETF by 6.8% in the third quarter. World Equity Group Inc. now owns 4,582 shares of the company’s stock valued at $232,000 after buying an additional 290 shares during the last quarter. Focus Partners Wealth grew its position in NEOS Enhanced Income Credit Select ETF by 20.3% in the 3rd quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock worth $242,000 after purchasing an additional 806 shares during the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new position in shares of NEOS Enhanced Income Credit Select ETF during the fourth quarter valued at $351,000.

NEOS Enhanced Income Credit Select ETF Stock Performance

Shares of HYBI stock traded up $0.07 during trading hours on Friday, reaching $50.15. 34,840 shares of the company’s stock were exchanged, compared to its average volume of 23,378. The company’s 50 day moving average is $50.37 and its two-hundred day moving average is $50.48. NEOS Enhanced Income Credit Select ETF has a 1 year low of $46.95 and a 1 year high of $51.85.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 13th. Investors of record on Wednesday, February 11th will be paid a $0.3379 dividend. The ex-dividend date is Wednesday, February 11th.

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.