NEOS Russell 2000 High Income ETF (BATS:IWMI) Stock Short Interest Declines 67.6%

NEOS Russell 2000 High Income ETF (BATS:IWMI) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 49,089 shares, a decline of 67.6% from the October 15th total of 151,736 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 411,935 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in NEOS Russell 2000 High Income ETF by 13.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 131,481 shares of the company’s stock worth $6,439,000 after acquiring an additional 15,198 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of NEOS Russell 2000 High Income ETF in the first quarter worth about $2,307,000. FSA Advisors Inc. raised its stake in shares of NEOS Russell 2000 High Income ETF by 36.2% in the first quarter. FSA Advisors Inc. now owns 20,566 shares of the company’s stock worth $975,000 after acquiring an additional 5,464 shares during the last quarter. NFSG Corp lifted its position in shares of NEOS Russell 2000 High Income ETF by 6.5% during the third quarter. NFSG Corp now owns 19,593 shares of the company’s stock worth $959,000 after purchasing an additional 1,202 shares in the last quarter. Finally, Vima LLC acquired a new position in shares of NEOS Russell 2000 High Income ETF during the third quarter worth approximately $713,000.

NEOS Russell 2000 High Income ETF Stock Performance

Shares of IWMI stock opened at $48.90 on Friday. NEOS Russell 2000 High Income ETF has a 52 week low of $45.64 and a 52 week high of $53.86. The stock has a market capitalization of $218.58 million and a PE ratio of 16.20. The stock’s fifty day moving average is $49.48 and its 200-day moving average is $50.70.

About NEOS Russell 2000 High Income ETF

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.