NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) Reaches New 12-Month High – Should You Buy?

Shares of NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) reached a new 52-week high during trading on Tuesday . The stock traded as high as $51.33 and last traded at $51.26, with a volume of 140014 shares trading hands. The stock had previously closed at $51.17.

NEOS Russell 2000 High Income ETF Stock Performance

The stock has a 50 day moving average of $50.07 and a two-hundred day moving average of $48.73. The stock has a market cap of $575.60 million, a PE ratio of 16.33 and a beta of 1.14.

Institutional Trading of NEOS Russell 2000 High Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IWMI. FSA Advisors Inc. acquired a new position in shares of NEOS Russell 2000 High Income ETF during the 4th quarter worth about $735,000. Sunbelt Securities Inc. acquired a new position in NEOS Russell 2000 High Income ETF during the third quarter valued at approximately $307,000. PVG Asset Management Corp bought a new position in NEOS Russell 2000 High Income ETF in the second quarter valued at approximately $228,000. Private Trust Co. NA raised 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 purchasing an additional 500 shares in the last quarter. Finally, CoreCap Advisors LLC grew its stake in shares of NEOS Russell 2000 High Income ETF by 250.7% in the third quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock valued at $51,000 after buying an additional 752 shares in the last quarter.

About NEOS Russell 2000 High Income ETF

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.