Short Interest in NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Declines By 69.1%

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 6,247 shares, a decline of 69.1% from the May 14th total of 20,220 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 24,889 shares, the short-interest ratio is presently 0.3 days.

NEOS Enhanced Income Credit Select ETF Stock Performance

Shares of NEOS Enhanced Income Credit Select ETF stock traded up $0.04 on Friday, hitting $49.19. 56,467 shares of the company’s stock traded hands, compared to its average volume of 25,668. The firm’s 50-day moving average price is $49.50 and its two-hundred day moving average price is $49.93. NEOS Enhanced Income Credit Select ETF has a one year low of $48.75 and a one year high of $51.17.

NEOS Enhanced Income Credit Select ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, June 12th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.3299 per share. The ex-dividend date was Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 8.0%.

Institutional Trading of NEOS Enhanced Income Credit Select ETF

Several institutional investors and hedge funds have recently made changes to their positions in HYBI. Jane Street Group LLC raised its position in shares of NEOS Enhanced Income Credit Select ETF by 23.0% during the 1st quarter. Jane Street Group LLC now owns 58,031 shares of the company’s stock valued at $2,896,000 after acquiring an additional 10,870 shares during the last quarter. Clearstead Advisors LLC raised its stake in NEOS Enhanced Income Credit Select ETF by 6.6% during the 3rd quarter. Clearstead Advisors LLC now owns 793,000 shares of the company’s stock worth $40,213,000 after buying an additional 48,993 shares during the period. Aptus Capital Advisors LLC bought a new position in NEOS Enhanced Income Credit Select ETF during the third quarter worth about $145,000. Citadel Advisors LLC lifted its holdings in NEOS Enhanced Income Credit Select ETF by 410.8% during the third quarter. Citadel Advisors LLC now owns 27,005 shares of the company’s stock worth $1,369,000 after acquiring an additional 21,718 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in NEOS Enhanced Income Credit Select ETF by 20.3% during the third quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock worth $242,000 after acquiring an additional 806 shares in the last quarter.

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.