NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH) Sees Significant Growth in Short Interest

NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYHGet Free Report) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 14,087 shares, an increase of 442.6% from the April 15th total of 2,596 shares. Approximately 23.5% of the shares of the company are short sold. Based on an average daily trading volume, of 7,750 shares, the days-to-cover ratio is currently 1.8 days.

Hedge Funds Weigh In On NEOS S&P 500 Hedged Equity Income ETF

An institutional investor recently bought a new position in NEOS S&P 500 Hedged Equity Income ETF stock. Sound Income Strategies LLC purchased a new position in NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYHFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,825 shares of the company’s stock, valued at approximately $102,000. Sound Income Strategies LLC owned 3.04% of NEOS S&P 500 Hedged Equity Income ETF at the end of the most recent quarter.

NEOS S&P 500 Hedged Equity Income ETF Stock Performance

SPYH opened at $55.91 on Wednesday. NEOS S&P 500 Hedged Equity Income ETF has a fifty-two week low of $50.17 and a fifty-two week high of $56.04. The company has a fifty day moving average of $54.22 and a two-hundred day moving average of $54.88. The stock has a market capitalization of $3.35 million and a price-to-earnings ratio of 25.19.

NEOS S&P 500 Hedged Equity Income ETF Company Profile

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NEOS ETF Trust – NEOS S&P 500 Hedged Equity Income ETF is an exchange traded fund launched and managed by NEOS Investment Management, LLC. It invests in public equity markets of the United States. The fund invests directly and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. The fund invests in growth and value stocks of large-cap companies. The fund employs proprietary research to create its portfolio. NEOS ETF Trust – NEOS S&P 500 Hedged Equity Income ETF is domiciled in the United States.

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