NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Short Interest Up 272.7% in February

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 17,997 shares, an increase of 272.7% from the February 12th total of 4,829 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 21,155 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 21,155 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the shares of the company are short sold.

NEOS Enhanced Income Credit Select ETF Stock Down 0.1%

NEOS Enhanced Income Credit Select ETF stock traded down $0.05 during mid-day trading on Friday, reaching $49.29. 34,947 shares of the stock traded hands, compared to its average volume of 22,350. NEOS Enhanced Income Credit Select ETF has a 12-month low of $46.95 and a 12-month high of $51.17. The business’s 50-day moving average is $50.23 and its 200-day moving average is $50.43.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 13th. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.3345 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a c) annualized dividend and a dividend yield of 8.1%.

Hedge Funds Weigh In On NEOS Enhanced Income Credit Select ETF

A number of institutional investors and hedge funds have recently made changes to their positions in HYBI. Aptus Capital Advisors LLC bought a new position in NEOS Enhanced Income Credit Select ETF in the third quarter worth approximately $145,000. World Equity Group Inc. lifted its position in NEOS Enhanced Income Credit Select ETF by 6.8% during the third quarter. World Equity Group Inc. now owns 4,582 shares of the company’s stock valued at $232,000 after purchasing an additional 290 shares in the last quarter. Focus Partners Wealth lifted its position in shares of NEOS Enhanced Income Credit Select ETF by 20.3% during the 3rd quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock valued at $242,000 after buying an additional 806 shares in the last quarter. CWM LLC raised its stake in NEOS Enhanced Income Credit Select ETF by 350.8% during the 4th quarter. CWM LLC now owns 5,112 shares of the company’s stock worth $257,000 after acquiring an additional 3,978 shares during the period. Finally, Orion Porfolio Solutions LLC bought a new stake in NEOS Enhanced Income Credit Select ETF during the 4th quarter worth approximately $351,000.

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.