NEOS Enhanced Income Aggregate Bond ETF (NYSEARCA:BNDI) Sees Large Drop in Short Interest

NEOS Enhanced Income Aggregate Bond ETF (NYSEARCA:BNDI) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 19,809 shares, a decline of 36.0% from the August 31st total of 30,962 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 35,589 shares, the days-to-cover ratio is presently 0.6 days.

NEOS Enhanced Income Aggregate Bond ETF Stock Down 0.2%

NYSEARCA BNDI opened at $44.85 on Thursday. The firm has a 50-day moving average price of $46.06 and a 200 day moving average price of $46.68. NEOS Enhanced Income Aggregate Bond ETF has a 52-week low of $44.81 and a 52-week high of $48.45. The stock has a market capitalization of $189.27 million, a P/E ratio of 24.67 and a beta of 0.28.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in NEOS Enhanced Income Aggregate Bond ETF stock. FSA Advisors Inc. purchased a new position in NEOS Enhanced Income Aggregate Bond ETF (NYSEARCA:BNDI) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,948 shares of the company’s stock, valued at approximately $375,000. FSA Advisors Inc. owned about 0.22% of NEOS Enhanced Income Aggregate Bond ETF as of its most recent SEC filing.

NEOS Enhanced Income Aggregate Bond ETF Company Profile

The Neos Enhanced Income Aggregate Bond ETF (BNDI) is an exchange-traded fund that is based on the U.S. Aggregate Bond index. The fund is an actively managed fund that invests in a diversified portfolio of fixed income securities with varying maturities and credit ratings while utilizing a US large-cap put-spread strategy. BNDI was launched on Aug 30, 2022 and is managed by Neos.