NEOS S&P 500 High Income ETF (BATS:SPYI) Shares Pass Above 200 Day Moving Average – Should You Sell?

NEOS S&P 500 High Income ETF (BATS:SPYIGet Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $50.73 and traded as high as $52.66. NEOS S&P 500 High Income ETF shares last traded at $52.56, with a volume of 769,015 shares traded.

NEOS S&P 500 High Income ETF Trading Down 0.1 %

The company’s 50 day moving average price is $51.70 and its two-hundred day moving average price is $50.73. The firm has a market cap of $1.33 billion, a PE ratio of 21.64 and a beta of 0.69.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SPYI. Centennial Bank AR raised its stake in NEOS S&P 500 High Income ETF by 190.9% during the 2nd quarter. Centennial Bank AR now owns 864 shares of the company’s stock valued at $43,000 after purchasing an additional 567 shares during the period. AlphaMark Advisors LLC purchased a new stake in NEOS S&P 500 High Income ETF in the 2nd quarter worth $44,000. Triad Wealth Partners LLC bought a new position in shares of NEOS S&P 500 High Income ETF during the 2nd quarter valued at about $51,000. Creative Financial Designs Inc. ADV grew its position in shares of NEOS S&P 500 High Income ETF by 176.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,800 shares of the company’s stock valued at $92,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Atticus Wealth Management LLC bought a new stake in shares of NEOS S&P 500 High Income ETF in the second quarter worth about $102,000.

About NEOS S&P 500 High Income ETF

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The Neos S&P 500(R) High Income ETF (SPYI) is an exchange-traded fund that mostly invests in total market equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts.

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