NEOS Enhanced Income Aggregate Bond ETF (NYSEARCA:BNDI) Sees Significant Drop in Short Interest

NEOS Enhanced Income Aggregate Bond ETF (NYSEARCA:BNDI) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,553 shares, a drop of 88.4% from the April 30th total of 22,077 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 31,654 shares, the days-to-cover ratio is presently 0.1 days.

NEOS Enhanced Income Aggregate Bond ETF Stock Performance

NYSEARCA:BNDI traded up $0.05 during trading on Friday, reaching $47.16. The company’s stock had a trading volume of 49,095 shares, compared to its average volume of 26,537. The firm has a market cap of $168.83 million, a price-to-earnings ratio of 24.67 and a beta of 0.28. The firm has a 50 day moving average of $47.12 and a 200-day moving average of $47.47. NEOS Enhanced Income Aggregate Bond ETF has a 12 month low of $46.33 and a 12 month high of $48.45.

Hedge Funds Weigh In On NEOS Enhanced Income Aggregate Bond ETF

A hedge fund recently raised its stake in NEOS Enhanced Income Aggregate Bond ETF stock. Carter Financial Group INC. raised its holdings in NEOS Enhanced Income Aggregate Bond ETF (NYSEARCA:BNDI) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,315 shares of the company’s stock after purchasing an additional 5,899 shares during the period. NEOS Enhanced Income Aggregate Bond ETF accounts for about 2.7% of Carter Financial Group INC.’s holdings, making the stock its 10th biggest position. Carter Financial Group INC. owned 3.24% of NEOS Enhanced Income Aggregate Bond ETF worth $4,581,000 at the end of the most recent quarter.

About NEOS Enhanced Income Aggregate Bond ETF

The Neos Enhanced Income Aggregate Bond ETF (BNDI) is an exchange-traded fund that is based on the U.S. Aggregate Bond index. The fund is an actively managed fund that invests in a diversified portfolio of fixed income securities with varying maturities and credit ratings while utilizing a US large-cap put-spread strategy. BNDI was launched on Aug 30, 2022 and is managed by Neos.