NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) Shares Down 0.2% – Time to Sell?

Shares of NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) fell 0.2% during mid-day trading on Friday . The company traded as low as $49.45 and last traded at $49.55. 277,794 shares traded hands during trading, an increase of 134% from the average session volume of 118,788 shares. The stock had previously closed at $49.67.

NEOS Russell 2000 High Income ETF Stock Performance

The stock has a fifty day simple moving average of $48.67 and a 200-day simple moving average of $47.18. The stock has a market cap of $367.66 million, a P/E ratio of 16.33 and a beta of 1.14.

Institutional Trading of NEOS Russell 2000 High Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IWMI. Sunbelt Securities Inc. bought a new position in shares of NEOS Russell 2000 High Income ETF in the 3rd quarter valued at about $307,000. CoreCap Advisors LLC lifted its stake in NEOS Russell 2000 High Income ETF by 250.7% in the 3rd 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 grew its holdings 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 worth $209,000 after purchasing an additional 3,300 shares during the period. Finally, PVG Asset Management Corp bought a new position in NEOS Russell 2000 High Income ETF during the second quarter worth about $228,000.

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.