NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Short Interest Up 199.3% in June

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 18,699 shares, a growth of 199.3% from the May 31st total of 6,247 shares. Based on an average daily trading volume, of 41,938 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

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

NEOS Enhanced Income Credit Select ETF Price Performance

HYBI stock traded up $0.05 during mid-day trading on Tuesday, reaching $49.28. The company had a trading volume of 2,236 shares, compared to its average volume of 25,550. The firm has a 50 day moving average of $49.40 and a 200 day moving average of $49.83. NEOS Enhanced Income Credit Select ETF has a 12 month low of $48.75 and a 12 month high of $51.17.

NEOS Enhanced Income Credit Select ETF Announces Dividend

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

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.