NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) Sees Unusually-High Trading Volume – Here’s What Happened

NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) saw unusually-strong trading volume on Monday . Approximately 507,844 shares were traded during mid-day trading, an increase of 27% from the previous session’s volume of 398,987 shares.The stock last traded at $47.13 and had previously closed at $48.23.

NEOS Russell 2000 High Income ETF Price Performance

The business has a 50-day simple moving average of $50.23 and a 200-day simple moving average of $49.24. The firm has a market capitalization of $539.30 million, a PE ratio of 16.33 and a beta of 1.14.

Institutional Trading of NEOS Russell 2000 High Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC lifted its position in NEOS Russell 2000 High Income ETF by 250.7% in the third quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock worth $51,000 after buying an additional 752 shares during the last quarter. Private Trust Co. NA increased its position in NEOS Russell 2000 High Income ETF by 330.0% during the third quarter. Private Trust Co. NA now owns 4,300 shares of the company’s stock valued at $209,000 after acquiring an additional 3,300 shares during the last quarter. PVG Asset Management Corp bought a new position in NEOS Russell 2000 High Income ETF during the second quarter valued at $228,000. Sunbelt Securities Inc. purchased a new stake in shares of NEOS Russell 2000 High Income ETF in the third quarter valued at $307,000. Finally, FSA Advisors Inc. bought a new stake in shares of NEOS Russell 2000 High Income ETF in the 4th quarter worth about $735,000.

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.