NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH – Get Free Report) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 27,037 shares, an increase of 85.5% from the May 31st total of 14,575 shares. Based on an average daily volume of 9,931 shares, the short-interest ratio is presently 2.7 days. Currently, 45.1% of the shares of the stock are sold short.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in NEOS S&P 500 Hedged Equity Income ETF stock. Sound Income Strategies LLC acquired a new stake in shares of NEOS S&P 500 Hedged Equity Income ETF (BATS:SPYH – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 as of its most recent filing with the Securities & Exchange Commission.
NEOS S&P 500 Hedged Equity Income ETF Trading Up 0.8%
Shares of SPYH opened at $55.79 on Wednesday. The stock has a market cap of $3.35 million and a PE ratio of 25.19. NEOS S&P 500 Hedged Equity Income ETF has a 1 year low of $51.56 and a 1 year high of $56.67. The stock has a 50 day simple moving average of $55.75 and a 200-day simple moving average of $55.12.
About NEOS S&P 500 Hedged Equity Income ETF
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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