Short Interest in NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Increases By 333.1%

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 16,054 shares, a growth of 333.1% from the August 15th total of 3,707 shares. Based on an average daily volume of 18,579 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Trading of NEOS Enhanced Income Credit Select ETF

A number of hedge funds have recently bought and sold shares of the company. RFG Advisory LLC boosted its stake in NEOS Enhanced Income Credit Select ETF by 26.3% in the second quarter. RFG Advisory LLC now owns 44,682 shares of the company’s stock worth $2,200,000 after buying an additional 9,317 shares in the last quarter. Triumph Capital Management bought a new stake in shares of NEOS Enhanced Income Credit Select ETF in the 2nd quarter worth approximately $826,000. World Equity Group Inc. lifted its holdings in shares of NEOS Enhanced Income Credit Select ETF by 36.7% in the 2nd quarter. World Equity Group Inc. now owns 5,985 shares of the company’s stock worth $295,000 after acquiring an additional 1,608 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of NEOS Enhanced Income Credit Select ETF by 5.3% in the 1st quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock valued at $615,000 after purchasing an additional 623 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of NEOS Enhanced Income Credit Select ETF by 9.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,040 shares of the company’s stock valued at $794,000 after purchasing an additional 1,440 shares in the last quarter.

NEOS Enhanced Income Credit Select ETF Stock Down 0.1%

Shares of HYBI stock opened at $48.26 on Friday. The business has a 50-day moving average price of $49.00 and a two-hundred day moving average price of $49.33. NEOS Enhanced Income Credit Select ETF has a 12-month low of $48.25 and a 12-month high of $51.17.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 11th. Investors of record on Wednesday, September 9th were issued a dividend of $0.3277 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend was Wednesday, September 9th.

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.