NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Short Interest Up 505.1% in December

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 42,669 shares, an increase of 505.1% from the December 15th total of 7,052 shares. Based on an average trading volume of 39,048 shares, the short-interest ratio is presently 1.1 days. Approximately 1.1% of the shares of the company are sold short. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 39,048 shares, the short-interest ratio is presently 1.1 days.

NEOS Enhanced Income Credit Select ETF Stock Performance

Shares of HYBI stock traded down $0.38 during mid-day trading on Wednesday, hitting $50.21. 9,724 shares of the stock were exchanged, compared to its average volume of 22,139. The stock’s fifty day simple moving average is $50.39 and its two-hundred day simple moving average is $50.51. NEOS Enhanced Income Credit Select ETF has a 12-month low of $46.95 and a 12-month high of $51.85.

NEOS Enhanced Income Credit Select ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a dividend of $0.3382 per share. The ex-dividend date was Wednesday, December 24th.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC purchased a new position in shares of NEOS Enhanced Income Credit Select ETF during the second quarter worth approximately $56,000. Aptus Capital Advisors LLC acquired a new stake in NEOS Enhanced Income Credit Select ETF during the 3rd quarter worth $145,000. Tectonic Advisors LLC acquired a new position in NEOS Enhanced Income Credit Select ETF in the second quarter valued at $202,000. World Equity Group Inc. increased its stake in NEOS Enhanced Income Credit Select ETF by 6.8% in the third quarter. World Equity Group Inc. now owns 4,582 shares of the company’s stock valued at $232,000 after purchasing an additional 290 shares during the period. Finally, Focus Partners Wealth raised its holdings in shares of NEOS Enhanced Income Credit Select ETF by 20.3% in the third quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock valued at $242,000 after buying an additional 806 shares during 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.