Short Interest in NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH) Grows By 91.6%

NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 8,212 shares, an increase of 91.6% from the August 15th total of 4,285 shares. Approximately 13.7% of the company’s stock are sold short. Based on an average daily volume of 27,882 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On NEOS S&P 500 Hedged Equity Income ETF

An institutional investor recently raised its stake in NEOS S&P 500 Hedged Equity Income ETF stock. Sound Income Strategies LLC lifted its holdings in shares of NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH) by 339.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,015 shares of the company’s stock after buying an additional 6,190 shares during the period. Sound Income Strategies LLC owned about 13.36% of NEOS S&P 500 Hedged Equity Income ETF worth $424,000 at the end of the most recent quarter.

NEOS S&P 500 Hedged Equity Income ETF Trading Down 0.3%

Shares of SPYH opened at $56.00 on Thursday. The stock has a market capitalization of $3.36 million and a price-to-earnings ratio of 25.19. NEOS S&P 500 Hedged Equity Income ETF has a 12 month low of $51.56 and a 12 month high of $57.16. The firm has a fifty day simple moving average of $56.37 and a 200 day simple moving average of $55.48.

About NEOS S&P 500 Hedged Equity Income ETF

NEOS ETF Trust – NEOS S&P 500 Hedged Equity Income ETF is an exchange traded fund launched and managed by NEOS Investment Management, LLC. It invests in public equity markets of the United States. The fund invests directly and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. The fund invests in growth and value stocks of large-cap companies. The fund employs proprietary research to create its portfolio. NEOS ETF Trust – NEOS S&P 500 Hedged Equity Income ETF is domiciled in the United States.