NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Sees Large Growth in Short Interest

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 18,699 shares, a growth of 199.3% from the May 31st total of 6,247 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 41,938 shares, the short-interest ratio is presently 0.4 days.

NEOS Enhanced Income Credit Select ETF Stock Performance

HYBI traded up $0.03 during midday trading on Friday, reaching $49.20. The company had a trading volume of 21,347 shares, compared to its average volume of 25,328. NEOS Enhanced Income Credit Select ETF has a 1 year low of $48.75 and a 1 year high of $51.17. The business has a 50-day moving average of $49.40 and a two-hundred day moving average of $49.84.

NEOS Enhanced Income Credit Select ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 12th. Shareholders of record on Wednesday, June 10th were paid a $0.3299 dividend. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date was Wednesday, June 10th.

Hedge Funds Weigh In On NEOS Enhanced Income Credit Select ETF

A number of hedge funds have recently made changes to their positions in the business. World Equity Group Inc. bought a new stake in NEOS Enhanced Income Credit Select ETF during the 1st quarter valued at approximately $217,000. Kestra Advisory Services LLC raised its position in shares of NEOS Enhanced Income Credit Select ETF by 5.3% during the first quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock valued at $615,000 after buying an additional 623 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of NEOS Enhanced Income Credit Select ETF by 9.9% during the first quarter. Janney Montgomery Scott LLC now owns 16,040 shares of the company’s stock valued at $794,000 after buying an additional 1,440 shares during the last quarter. RFG Advisory LLC lifted its holdings in shares of NEOS Enhanced Income Credit Select ETF by 9.1% in the first quarter. RFG Advisory LLC now owns 35,365 shares of the company’s stock worth $1,750,000 after buying an additional 2,948 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in shares of NEOS Enhanced Income Credit Select ETF by 0.7% during the fourth quarter. Ieq Capital LLC now owns 44,224 shares of the company’s stock worth $2,226,000 after acquiring an additional 294 shares during the last quarter.

About NEOS Enhanced Income Credit Select ETF

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.