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

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 42,669 shares, an increase of 505.1% from the December 15th total of 7,052 shares. Based on an average trading volume of 39,048 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.1% of the shares of the company are short sold. Currently, 1.1% of the shares of the company are short sold. Based on an average trading volume of 39,048 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC grew its position in shares of NEOS Enhanced Income Credit Select ETF by 6.6% during the 3rd quarter. Clearstead Advisors LLC now owns 793,000 shares of the company’s stock valued at $40,213,000 after acquiring an additional 48,993 shares during the period. Citadel Advisors LLC increased its position in NEOS Enhanced Income Credit Select ETF by 410.8% in the third quarter. Citadel Advisors LLC now owns 27,005 shares of the company’s stock worth $1,369,000 after buying an additional 21,718 shares in the last quarter. Bessemer Group Inc. purchased a new stake in NEOS Enhanced Income Credit Select ETF in the second quarter worth about $760,000. Jane Street Group LLC raised its stake in shares of NEOS Enhanced Income Credit Select ETF by 23.0% in the first quarter. Jane Street Group LLC now owns 58,031 shares of the company’s stock worth $2,896,000 after buying an additional 10,870 shares during the period. Finally, Brookwood Investment Group LLC lifted its position in shares of NEOS Enhanced Income Credit Select ETF by 138.8% during the 2nd quarter. Brookwood Investment Group LLC now owns 12,905 shares of the company’s stock valued at $651,000 after buying an additional 7,501 shares in the last quarter.

NEOS Enhanced Income Credit Select ETF Price Performance

Shares of NEOS Enhanced Income Credit Select ETF stock remained flat at $50.58 during trading hours on Monday. The company’s stock had a trading volume of 35,914 shares, compared to its average volume of 23,945. NEOS Enhanced Income Credit Select ETF has a 1-year low of $46.95 and a 1-year high of $51.85. The business’s 50 day moving average is $50.38 and its 200 day moving average is $50.51.

NEOS Enhanced Income Credit Select ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.3382 per share. The ex-dividend date of this dividend was Wednesday, December 24th.

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.