NEOS MLP & Energy Infrastructure High Income ETF (BATS:MLPI) Sees Significant Drop in Short Interest

NEOS MLP & Energy Infrastructure High Income ETF (BATS:MLPI) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 26,920 shares, a drop of 93.4% from the September 30th total of 406,562 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 370,684 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On NEOS MLP & Energy Infrastructure High Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Adirondack Trust Co. bought a new position in shares of NEOS MLP & Energy Infrastructure High Income ETF during the third quarter worth about $36,000. NFSG Corp raised its holdings in NEOS MLP & Energy Infrastructure High Income ETF by 93.9% during the 3rd quarter. NFSG Corp now owns 6,049 shares of the company’s stock valued at $304,000 after acquiring an additional 2,929 shares during the period. Worth Asset Management LLC bought a new position in shares of NEOS MLP & Energy Infrastructure High Income ETF in the second quarter valued at approximately $218,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of NEOS MLP & Energy Infrastructure High Income ETF by 49.6% during the third quarter. Farther Finance Advisors LLC now owns 34,386 shares of the company’s stock worth $1,727,000 after purchasing an additional 11,401 shares in the last quarter.

NEOS MLP & Energy Infrastructure High Income ETF Trading Up 0.6%

Shares of BATS:MLPI traded up $0.30 during trading on Monday, hitting $52.80. 284,784 shares of the company’s stock traded hands, compared to its average volume of 332,271. The company has a 50-day moving average price of $53.05 and a 200-day moving average price of $54.45. NEOS MLP & Energy Infrastructure High Income ETF has a 52 week low of $49.15 and a 52 week high of $58.47.