NEOS S&P 500 High Income ETF (BATS:SPYI) Short Interest Up 47.7% in August

NEOS S&P 500 High Income ETF (BATS:SPYI) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 1,188,658 shares, an increase of 47.7% from the July 30th total of 804,692 shares. Based on an average daily volume of 2,610,866 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.4% of the company’s stock are sold short.

Institutional Trading of NEOS S&P 500 High Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SPYI. Foguth Wealth Management LLC. increased its holdings in shares of NEOS S&P 500 High Income ETF by 927.5% in the 1st quarter. Foguth Wealth Management LLC. now owns 1,214,307 shares of the company’s stock valued at $65,439,000 after acquiring an additional 1,096,123 shares during the period. LPL Financial LLC lifted its stake in shares of NEOS S&P 500 High Income ETF by 36.5% during the 4th quarter. LPL Financial LLC now owns 3,139,873 shares of the company’s stock worth $164,938,000 after purchasing an additional 839,220 shares during the last quarter. UBS Group AG boosted its position in NEOS S&P 500 High Income ETF by 77.9% during the fourth quarter. UBS Group AG now owns 1,054,374 shares of the company’s stock valued at $55,386,000 after purchasing an additional 461,724 shares in the last quarter. Royal Bank of Canada grew its stake in NEOS S&P 500 High Income ETF by 80.6% in the fourth quarter. Royal Bank of Canada now owns 927,241 shares of the company’s stock valued at $48,707,000 after purchasing an additional 413,801 shares during the last quarter. Finally, Independent Financial Group LLC purchased a new position in NEOS S&P 500 High Income ETF in the first quarter valued at about $8,039,000.

NEOS S&P 500 High Income ETF Stock Performance

BATS SPYI opened at $53.37 on Tuesday. The company has a market cap of $4.41 billion, a PE ratio of 25.58 and a beta of 0.71. The firm’s 50 day moving average price is $53.30 and its 200-day moving average price is $52.48. NEOS S&P 500 High Income ETF has a 52-week low of $47.77 and a 52-week high of $54.47.

NEOS S&P 500 High Income ETF Company Profile

The Neos S&P 500(R) High Income ETF (SPYI) is an exchange-traded fund that mostly invests in total market equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts. SPYI was launched on Aug 30, 2022 and is managed by Neos.