NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) Hits New 12-Month High – What’s Next?

Shares of NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) hit a new 52-week high during mid-day trading on Saturday . The company traded as high as $51.29 and last traded at $51.14, with a volume of 363165 shares traded. The stock had previously closed at $51.11.

NEOS Russell 2000 High Income ETF Stock Up 0.1%

The firm has a market capitalization of $503.22 million, a PE ratio of 16.33 and a beta of 1.14. The company has a 50-day moving average of $49.27 and a 200 day moving average of $48.24.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IWMI. CoreCap Advisors LLC lifted its position in NEOS Russell 2000 High Income ETF by 250.7% during the third quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock valued at $51,000 after purchasing an additional 752 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of NEOS Russell 2000 High Income ETF by 330.0% during the 3rd quarter. Private Trust Co. NA now owns 4,300 shares of the company’s stock worth $209,000 after acquiring an additional 3,300 shares during the last quarter. PVG Asset Management Corp purchased a new position in NEOS Russell 2000 High Income ETF in the second quarter worth $228,000. Finally, Sunbelt Securities Inc. bought a new position in NEOS Russell 2000 High Income ETF in the third quarter valued at $307,000.

About NEOS Russell 2000 High Income ETF

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.