NEOS Russell 2000 High Income ETF (BATS:IWMI) Sees Large Decline in Short Interest

NEOS Russell 2000 High Income ETF (BATS:IWMIGet Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 48,622 shares, a drop of 39.8% from the July 15th total of 80,729 shares. Based on an average trading volume of 379,000 shares, the short-interest ratio is currently 0.1 days. Approximately 1.1% of the company’s stock are sold short.

Institutional Trading of NEOS Russell 2000 High Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC acquired a new position in shares of NEOS Russell 2000 High Income ETF during the first quarter worth about $82,000. Private Trust Co. NA grew its holdings in shares of NEOS Russell 2000 High Income ETF by 11.6% during the fourth quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock worth $234,000 after buying an additional 500 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in NEOS Russell 2000 High Income ETF in the 3rd quarter valued at approximately $307,000. FSA Advisors Inc. acquired a new stake in NEOS Russell 2000 High Income ETF in the 4th quarter valued at approximately $735,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in NEOS Russell 2000 High Income ETF in the 1st quarter valued at approximately $2,307,000.

NEOS Russell 2000 High Income ETF Trading Down 0.8%

IWMI opened at $53.15 on Wednesday. The stock has a market capitalization of $237.58 million and a P/E ratio of 16.20. NEOS Russell 2000 High Income ETF has a 12 month low of $45.64 and a 12 month high of $53.86. The firm’s fifty day simple moving average is $52.78 and its 200 day simple moving average is $51.03.

NEOS Russell 2000 High Income ETF Company Profile

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The NEOS Russell 2000 High Income ETF (IWMI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund-of-fund that seeks to generate income by investing in constituents of the Russell 2000 Index while also employing a call option strategy. IWMI was launched on Jun 25, 2024 and is issued by Neos.

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