Short Interest in NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Declines By 43.1%

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 16,001 shares, a decrease of 43.1% from the April 15th total of 28,118 shares. Based on an average daily volume of 20,234 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Clearstead Advisors LLC lifted its holdings in NEOS Enhanced Income Credit Select ETF by 6.7% during the 4th quarter. Clearstead Advisors LLC now owns 845,780 shares of the company’s stock worth $42,564,000 after buying an additional 52,780 shares in the last quarter. Jane Street Group LLC lifted its holdings in NEOS Enhanced Income Credit Select ETF by 23.0% during the 1st 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 in the last quarter. Ieq Capital LLC raised its holdings in shares of NEOS Enhanced Income Credit Select ETF by 0.7% in the 4th quarter. Ieq Capital LLC now owns 44,224 shares of the company’s stock valued at $2,226,000 after purchasing an additional 294 shares in the last quarter. RFG Advisory LLC raised its holdings in shares of NEOS Enhanced Income Credit Select ETF by 9.1% in the 1st quarter. RFG Advisory LLC now owns 35,365 shares of the company’s stock valued at $1,750,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of NEOS Enhanced Income Credit Select ETF by 410.8% in the 3rd quarter. Citadel Advisors LLC now owns 27,005 shares of the company’s stock valued at $1,369,000 after purchasing an additional 21,718 shares in the last quarter.

NEOS Enhanced Income Credit Select ETF Stock Down 0.1%

Shares of NASDAQ HYBI opened at $49.03 on Tuesday. NEOS Enhanced Income Credit Select ETF has a 12-month low of $48.95 and a 12-month high of $51.17. The company has a 50-day moving average of $49.56 and a 200 day moving average of $50.06.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 15th. Stockholders of record on Wednesday, May 13th were issued a $0.3329 dividend. The ex-dividend date was Wednesday, May 13th.

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.