NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Short Interest Down 43.1% in April

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 16,001 shares, a decrease of 43.1% from the April 15th total of 28,118 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 20,234 shares, the short-interest ratio is presently 0.8 days.

NEOS Enhanced Income Credit Select ETF Price Performance

NASDAQ:HYBI traded down $0.28 on Friday, hitting $49.09. The company had a trading volume of 66,284 shares, compared to its average volume of 23,743. The firm has a 50 day moving average of $49.58 and a two-hundred day moving average of $50.07. NEOS Enhanced Income Credit Select ETF has a 52 week low of $49.08 and a 52 week high of $51.17.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 15th. Investors of record on Wednesday, May 13th were paid a $0.3329 dividend. The ex-dividend date of this dividend was Wednesday, May 13th.

Hedge Funds Weigh In On NEOS Enhanced Income Credit Select ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYBI. Aptus Capital Advisors LLC bought a new position in NEOS Enhanced Income Credit Select ETF in the 3rd quarter valued at approximately $145,000. World Equity Group Inc. bought a new position in NEOS Enhanced Income Credit Select ETF in the 1st quarter valued at approximately $217,000. Focus Partners Wealth lifted its stake in NEOS Enhanced Income Credit Select ETF by 20.3% in the 3rd quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock valued at $242,000 after purchasing an additional 806 shares during the last quarter. CWM LLC lifted its stake in NEOS Enhanced Income Credit Select ETF by 350.8% in the 4th quarter. CWM LLC now owns 5,112 shares of the company’s stock valued at $257,000 after purchasing an additional 3,978 shares during the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new position in NEOS Enhanced Income Credit Select ETF in the 4th quarter valued at approximately $351,000.

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.