NEOS Russell 2000 High Income ETF (BATS:IWMI) Short Interest Up 286.3% in August

NEOS Russell 2000 High Income ETF (BATS:IWMI) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 187,838 shares, a growth of 286.3% from the July 30th total of 48,622 shares. Currently, 4.2% of the shares of the stock are short sold. Based on an average trading volume of 340,510 shares, the days-to-cover ratio is presently 0.6 days.

NEOS Russell 2000 High Income ETF Stock Performance

Shares of IWMI opened at $52.48 on Thursday. NEOS Russell 2000 High Income ETF has a fifty-two week low of $45.64 and a fifty-two week high of $53.86. The firm has a market cap of $234.59 million and a price-to-earnings ratio of 16.20. The firm has a 50 day moving average price of $52.80 and a 200-day moving average price of $51.12.

Institutional Trading of NEOS Russell 2000 High Income ETF

Several hedge funds have recently added to or reduced their stakes in IWMI. Sunbelt Securities Inc. purchased a new stake in NEOS Russell 2000 High Income ETF during the third quarter valued at about $307,000. FSA Advisors Inc. purchased a new position in shares of NEOS Russell 2000 High Income ETF in the fourth quarter worth about $735,000. Sound Income Strategies LLC bought a new stake in shares of NEOS Russell 2000 High Income ETF in the 1st quarter valued at about $82,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in NEOS Russell 2000 High Income ETF during the 1st quarter valued at about $2,307,000.

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.