NEOS Russell 2000 High Income ETF (BATS:IWMI) Sees Significant Drop in Short Interest

NEOS Russell 2000 High Income ETF (BATS:IWMI) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 32,261 shares, a decline of 82.8% from the August 15th total of 187,838 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 473,346 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On NEOS Russell 2000 High Income ETF

Large investors have recently modified their holdings of the business. Sunbelt Securities Inc. lifted its holdings in shares of NEOS Russell 2000 High Income ETF by 40.3% during the 1st quarter. Sunbelt Securities Inc. now owns 9,956 shares of the company’s stock valued at $472,000 after purchasing an additional 2,861 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in NEOS Russell 2000 High Income ETF during the 1st quarter worth approximately $2,307,000. FSA Advisors Inc. lifted its stake in NEOS Russell 2000 High Income ETF by 36.2% in the first quarter. FSA Advisors Inc. now owns 20,566 shares of the company’s stock valued at $975,000 after buying an additional 5,464 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new position in NEOS Russell 2000 High Income ETF in the first quarter valued at approximately $82,000.

NEOS Russell 2000 High Income ETF Stock Performance

IWMI opened at $51.00 on Friday. The firm’s fifty day moving average is $52.54 and its two-hundred day moving average is $51.22. The firm has a market cap of $227.97 million and a PE ratio of 16.20. NEOS Russell 2000 High Income ETF has a twelve month low of $45.64 and a twelve month high of $53.86.

NEOS Russell 2000 High Income ETF Company Profile

The NEOS Russell 2000 High Income ETF (IWMI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund-of-fund that seeks to generate income by investing in constituents of the Russell 2000 Index while also employing a call option strategy. IWMI was launched on Jun 25, 2024 and is issued by Neos.