NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Stock Short Interest Rises 449.4%

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 4,890 shares, a growth of 449.4% from the October 15th total of 890 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 31,133 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. RFG Advisory LLC boosted its position in NEOS Enhanced Income Credit Select ETF by 26.3% in the 2nd quarter. RFG Advisory LLC now owns 44,682 shares of the company’s stock worth $2,200,000 after purchasing an additional 9,317 shares in the last quarter. Triumph Capital Management acquired a new position in shares of NEOS Enhanced Income Credit Select ETF in the 2nd quarter valued at $826,000. Janney Montgomery Scott LLC lifted its stake in shares of NEOS Enhanced Income Credit Select ETF by 9.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,040 shares of the company’s stock valued at $794,000 after purchasing an additional 1,440 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of NEOS Enhanced Income Credit Select ETF by 5.3% in the 1st quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock valued at $615,000 after purchasing an additional 623 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in NEOS Enhanced Income Credit Select ETF by 43.5% during the second quarter. Envestnet Asset Management Inc. now owns 11,083 shares of the company’s stock worth $546,000 after buying an additional 3,362 shares in the last quarter.

NEOS Enhanced Income Credit Select ETF Stock Performance

Shares of HYBI stock traded up $0.04 on Wednesday, hitting $47.65. The company had a trading volume of 7,412 shares, compared to its average volume of 26,059. The company has a 50-day moving average price of $48.19 and a 200-day moving average price of $49.17. NEOS Enhanced Income Credit Select ETF has a twelve month low of $47.56 and a twelve month high of $50.61.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, November 10th will be given a dividend of $0.3205 per share. This is a decrease from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.3235. This represents a $3.85 annualized dividend and a yield of 8.1%. The ex-dividend date is Tuesday, November 10th.

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.