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

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 17,997 shares, an increase of 272.7% from the February 12th total of 4,829 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 21,155 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 21,155 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the shares of the stock are short sold.

NEOS Enhanced Income Credit Select ETF Stock Performance

Shares of NASDAQ:HYBI traded down $0.20 during trading on Thursday, reaching $49.36. The stock had a trading volume of 35,829 shares, compared to its average volume of 22,088. The business has a fifty day moving average price of $50.25 and a 200-day moving average price of $50.43. NEOS Enhanced Income Credit Select ETF has a 1-year low of $46.95 and a 1-year high of $51.17.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 13th. Stockholders of record on Wednesday, March 11th will be issued a dividend of $0.3345 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

Hedge Funds Weigh In On NEOS Enhanced Income Credit Select ETF

Several hedge funds and other institutional investors have recently modified their holdings of HYBI. Aptus Capital Advisors LLC acquired a new position in NEOS Enhanced Income Credit Select ETF during the third quarter worth about $145,000. World Equity Group Inc. raised its holdings in NEOS Enhanced Income Credit Select ETF by 6.8% in the 3rd quarter. World Equity Group Inc. now owns 4,582 shares of the company’s stock valued at $232,000 after acquiring an additional 290 shares during the last quarter. Focus Partners Wealth lifted its stake 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 in the last quarter. CWM LLC lifted its stake in NEOS Enhanced Income Credit Select ETF by 350.8% in the 4th quarter. CWM LLC now owns 5,112 shares of the company’s stock worth $257,000 after purchasing an additional 3,978 shares in the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new position in shares of NEOS Enhanced Income Credit Select ETF during the 4th quarter worth approximately $351,000.

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.