NEOS Russell 2000 High Income ETF (BATS:IWMI) Sees Significant Drop in Short Interest

NEOS Russell 2000 High Income ETF (BATS:IWMI) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 32,261 shares, a decrease of 82.8% from the August 15th total of 187,838 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 473,346 shares, the days-to-cover ratio is currently 0.1 days.

NEOS Russell 2000 High Income ETF Trading Up 0.4%

BATS IWMI opened at $51.21 on Friday. NEOS Russell 2000 High Income ETF has a 12 month low of $45.64 and a 12 month high of $53.86. The stock has a 50-day simple moving average of $52.50 and a 200 day simple moving average of $51.22. The company has a market capitalization of $228.91 million and a PE ratio of 16.20.

Institutional Investors Weigh In On NEOS Russell 2000 High Income ETF

Several hedge funds have recently bought and sold shares of IWMI. Sound Income Strategies LLC bought a new stake in shares of NEOS Russell 2000 High Income ETF in the 1st quarter valued at $82,000. Sunbelt Securities Inc. bought a new position in shares of NEOS Russell 2000 High Income ETF during the 3rd quarter valued at about $307,000. FSA Advisors Inc. grew its position in shares of NEOS Russell 2000 High Income ETF by 36.2% in the 1st quarter. FSA Advisors Inc. now owns 20,566 shares of the company’s stock valued at $975,000 after purchasing an additional 5,464 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in NEOS Russell 2000 High Income ETF during the 1st quarter worth approximately $2,307,000.

NEOS Russell 2000 High Income ETF Company Profile

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.