NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Sees Large Drop in Short Interest

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 890 shares, a decline of 74.5% from the September 30th total of 3,497 shares. Based on an average trading volume of 34,073 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

NEOS Enhanced Income Credit Select ETF Stock Down 0.2%

NASDAQ:HYBI traded down $0.09 during trading hours on Friday, hitting $47.99. The stock had a trading volume of 7,872 shares, compared to its average volume of 26,166. The business has a 50 day simple moving average of $48.36 and a two-hundred day simple moving average of $49.26. NEOS Enhanced Income Credit Select ETF has a 1-year low of $47.77 and a 1-year high of $50.61.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, October 14th were paid a $0.3235 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 8.1%. This is a negative change from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.3277. The ex-dividend date was Wednesday, October 14th.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of NEOS Enhanced Income Credit Select ETF by 43.5% during the second quarter. Envestnet Asset Management Inc. now owns 11,083 shares of the company’s stock valued at $546,000 after buying an additional 3,362 shares during the last quarter. RFG Advisory LLC lifted its position in 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 acquiring an additional 9,317 shares during the last quarter. Triumph Capital Management bought a new position in NEOS Enhanced Income Credit Select ETF during the second quarter worth $826,000. World Equity Group Inc. boosted its position 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 valued at $295,000 after acquiring an additional 1,608 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in NEOS Enhanced Income Credit Select ETF by 5.3% during the 1st quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock valued at $615,000 after purchasing an additional 623 shares during the last quarter.

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.