NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Shares to Pay Monthly Dividend of $0.32

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) declared a monthly dividend on Monday, November 9th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.3205 per share on Friday, November 13th. This represents a $3.85 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a 0.9% decrease from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.3235.

NEOS Enhanced Income Credit Select ETF Stock Performance

HYBI opened at $48.00 on Tuesday. NEOS Enhanced Income Credit Select ETF has a 52 week low of $47.77 and a 52 week high of $50.61. The business has a fifty day simple moving average of $48.22 and a 200-day simple moving average of $49.18.

Hedge Funds Weigh In On NEOS Enhanced Income Credit Select ETF

Several hedge funds have recently bought and sold shares of the company. RFG Advisory LLC grew its position in NEOS Enhanced Income Credit Select ETF by 26.3% in the 2nd quarter. RFG Advisory LLC now owns 44,682 shares of the company’s stock valued at $2,200,000 after acquiring an additional 9,317 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of NEOS Enhanced Income Credit Select ETF during the second quarter worth about $826,000. Janney Montgomery Scott LLC lifted its position in shares of NEOS Enhanced Income Credit Select ETF by 9.9% during the first quarter. Janney Montgomery Scott LLC now owns 16,040 shares of the company’s stock worth $794,000 after purchasing an additional 1,440 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in shares of NEOS Enhanced Income Credit Select ETF by 5.3% in the first 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 period. Finally, Envestnet Asset Management Inc. boosted its stake 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.

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.