Short Interest in NEOS Russell 2000 High Income ETF (BATS:IWMI) Drops By 48.0%

NEOS Russell 2000 High Income ETF (BATS:IWMI) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 325,861 shares, a drop of 48.0% from the April 15th total of 626,108 shares. Based on an average daily volume of 317,595 shares, the short-interest ratio is presently 1.0 days. Currently, 7.3% of the company’s stock are short sold.

Hedge Funds Weigh In On NEOS Russell 2000 High Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of IWMI. CoreCap Advisors LLC lifted its holdings in shares of NEOS Russell 2000 High Income ETF by 250.7% during the 3rd quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock valued at $51,000 after buying an additional 752 shares during the period. Sunbelt Securities Inc. bought a new position in shares of NEOS Russell 2000 High Income ETF during the 3rd quarter valued at $307,000. Private Trust Co. NA lifted its holdings in shares of NEOS Russell 2000 High Income ETF by 11.6% during the 4th quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock valued at $234,000 after buying an additional 500 shares during the period. FSA Advisors Inc. bought a new position in shares of NEOS Russell 2000 High Income ETF during the 4th quarter valued at $735,000. Finally, Sound Income Strategies LLC bought a new position in shares of NEOS Russell 2000 High Income ETF during the 1st quarter valued at $82,000.

NEOS Russell 2000 High Income ETF Price Performance

BATS IWMI opened at $51.10 on Friday. The business’s fifty day moving average price is $49.40 and its 200-day moving average price is $49.54. The stock has a market capitalization of $228.42 million and a price-to-earnings ratio of 16.20. NEOS Russell 2000 High Income ETF has a 1-year low of $43.19 and a 1-year high of $52.28.

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.