NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Stock Short Interest Declines 71.7%

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 3,497 shares, a decline of 71.7% from the September 15th total of 12,375 shares. Based on an average daily volume of 16,080 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

NEOS Enhanced Income Credit Select ETF Stock Performance

NASDAQ:HYBI remained flat at $48.28 during trading hours on Monday. 14,994 shares of the company were exchanged, compared to its average volume of 25,604. NEOS Enhanced Income Credit Select ETF has a 12-month low of $48.10 and a 12-month high of $50.78. The business has a 50 day moving average of $48.65 and a 200-day moving average of $49.11.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 11th. Investors of record on Wednesday, September 9th were paid a $0.3277 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend was Wednesday, September 9th. This is a negative change from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.3291.

Hedge Funds Weigh In On NEOS Enhanced Income Credit Select ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its position in shares of NEOS Enhanced Income Credit Select ETF by 43.5% in the second quarter. Envestnet Asset Management Inc. now owns 11,083 shares of the company’s stock valued at $546,000 after purchasing an additional 3,362 shares during the period. RFG Advisory LLC boosted its holdings in shares of NEOS Enhanced Income Credit Select ETF by 26.3% during the 2nd 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 during the period. Triumph Capital Management bought a new stake in shares of NEOS Enhanced Income Credit Select ETF during the 2nd quarter worth $826,000. World Equity Group Inc. boosted its holdings in shares of NEOS Enhanced Income Credit Select ETF by 36.7% during the 2nd quarter. World Equity Group Inc. now owns 5,985 shares of the company’s stock worth $295,000 after buying an additional 1,608 shares during the period. Finally, Kestra Advisory Services LLC grew its stake in 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 buying an additional 623 shares during the last quarter.

About NEOS Enhanced Income Credit Select ETF

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.