NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Sees Large Decline in Short Interest

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 10,018 shares, a drop of 63.5% from the July 15th total of 27,481 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 28,532 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. RFG Advisory LLC purchased a new position in NEOS Enhanced Income Credit Select ETF during the 4th quarter valued at about $1,631,000. Clearstead Advisors LLC grew its position in NEOS Enhanced Income Credit Select ETF by 6.7% in the 4th quarter. Clearstead Advisors LLC now owns 845,780 shares of the company’s stock valued at $42,564,000 after acquiring an additional 52,780 shares in the last quarter. CWM LLC increased its stake in NEOS Enhanced Income Credit Select ETF by 350.8% during the fourth quarter. CWM LLC now owns 5,112 shares of the company’s stock worth $257,000 after purchasing an additional 3,978 shares during the period. Kestra Advisory Services LLC increased its stake in NEOS Enhanced Income Credit Select ETF by 5.3% during the first quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock worth $615,000 after purchasing an additional 623 shares during the period. Finally, Jane Street Group LLC increased its stake in NEOS Enhanced Income Credit Select ETF by 60.7% during the fourth quarter. Jane Street Group LLC now owns 22,949 shares of the company’s stock worth $1,155,000 after purchasing an additional 8,669 shares during the period.

NEOS Enhanced Income Credit Select ETF Stock Down 0.0%

NEOS Enhanced Income Credit Select ETF stock traded down $0.02 during trading on Friday, hitting $48.97. The company had a trading volume of 38,276 shares, compared to its average volume of 26,958. NEOS Enhanced Income Credit Select ETF has a 1-year low of $48.69 and a 1-year high of $51.17. The company’s 50 day simple moving average is $49.14 and its 200-day simple moving average is $49.53.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Wednesday, August 12th will be given a dividend of $0.3291 per share. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Wednesday, August 12th.

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.