NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Trading Up 0.1% – Should You Buy?

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI)’s share price rose 0.1% during trading on Thursday . The company traded as high as $49.55 and last traded at $49.51. Approximately 17,392 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 21,751 shares. The stock had previously closed at $49.47.

NEOS Enhanced Income Credit Select ETF Price Performance

The firm’s 50-day moving average is $49.91 and its 200 day moving average is $50.28.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 13th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.3345 per share. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Wednesday, March 11th.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

Several large investors have recently modified their holdings of the stock. Aptus Capital Advisors LLC acquired a new stake in shares of NEOS Enhanced Income Credit Select ETF during the third quarter worth $145,000. World Equity Group Inc. increased its stake in NEOS Enhanced Income Credit Select ETF by 6.8% in the 3rd quarter. World Equity Group Inc. now owns 4,582 shares of the company’s stock valued at $232,000 after buying an additional 290 shares during the period. Focus Partners Wealth raised its position in NEOS Enhanced Income Credit Select ETF by 20.3% during the 3rd quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock worth $242,000 after buying an additional 806 shares during the last quarter. CWM LLC lifted its stake in shares of NEOS Enhanced Income Credit Select ETF by 350.8% in the 4th quarter. CWM LLC now owns 5,112 shares of the company’s stock worth $257,000 after acquiring an additional 3,978 shares during the period. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of NEOS Enhanced Income Credit Select ETF in the 4th quarter worth $351,000.

About NEOS Enhanced Income Credit Select ETF

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.