NEOS Russell 2000 High Income ETF (BATS:IWMI) Trading Down 0.1% – Should You Sell?

NEOS Russell 2000 High Income ETF (BATS:IWMI)’s stock price dropped 0.1% during trading on Monday . The company traded as low as $53.47 and last traded at $53.58. 601,342 shares traded hands during trading, an increase of 61% from the average daily volume of 374,190 shares. The stock had previously closed at $53.65.

NEOS Russell 2000 High Income ETF Stock Performance

The firm has a market capitalization of $239.50 million and a P/E ratio of 16.20. The firm’s 50-day moving average is $52.75 and its 200 day moving average is $51.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in NEOS Russell 2000 High Income ETF in the 1st quarter valued at approximately $2,307,000. FSA Advisors Inc. boosted its position in NEOS Russell 2000 High Income ETF by 36.2% during the 1st 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. Sunbelt Securities Inc. grew its stake in shares of NEOS Russell 2000 High Income ETF by 40.3% during the 1st quarter. Sunbelt Securities Inc. now owns 9,956 shares of the company’s stock worth $472,000 after acquiring an additional 2,861 shares in the last quarter. Private Trust Co. NA grew its stake 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 worth $234,000 after acquiring an additional 500 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of NEOS Russell 2000 High Income ETF in the first quarter valued at approximately $82,000.

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.