Short Interest in NEOS Real Estate High Income ETF (BATS:IYRI) Drops By 41.0%

NEOS Real Estate High Income ETF (BATS:IYRI) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 23,914 shares, a drop of 41.0% from the May 14th total of 40,561 shares. Based on an average daily trading volume, of 76,316 shares, the short-interest ratio is presently 0.3 days. Currently, 2.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Core Wealth Advisors Inc. acquired a new stake in NEOS Real Estate High Income ETF in the first quarter worth about $397,000. Royal Bank of Canada increased its holdings in shares of NEOS Real Estate High Income ETF by 296.3% during the first quarter. Royal Bank of Canada now owns 3,963 shares of the company’s stock valued at $187,000 after acquiring an additional 2,963 shares in the last quarter. Cascade Wealth Advisors Inc raised its position in shares of NEOS Real Estate High Income ETF by 19.8% in the 1st quarter. Cascade Wealth Advisors Inc now owns 127,879 shares of the company’s stock valued at $6,339,000 after purchasing an additional 21,128 shares during the last quarter. CAP Partners LLC raised its position in shares of NEOS Real Estate High Income ETF by 57.9% in the 1st quarter. CAP Partners LLC now owns 15,036 shares of the company’s stock valued at $711,000 after purchasing an additional 5,515 shares during the last quarter. Finally, Cherry Creek Investment Advisors Inc. acquired a new stake in NEOS Real Estate High Income ETF in the 1st quarter worth approximately $1,935,000.

NEOS Real Estate High Income ETF Stock Up 0.0%

Shares of BATS IYRI traded up $0.02 during trading hours on Monday, hitting $50.02. 46,707 shares of the stock were exchanged, compared to its average volume of 79,704. NEOS Real Estate High Income ETF has a 12 month low of $46.29 and a 12 month high of $51.25. The firm has a fifty day moving average price of $49.17 and a 200-day moving average price of $49.18. The company has a market cap of $55.02 million and a PE ratio of 35.64.

About NEOS Real Estate High Income ETF

The NEOS Real Estate High Income ETF (IYRI) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively managed fund that seeks high monthly income with the potential for appreciation by actively investing in stocks of the Dow Jones U.S. Real Estate Capped Index while also utilizing call options strategies. IYRI was launched on Jan 14, 2025 and is issued by Neos.