Short Interest in NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Grows By 333.1%

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 16,054 shares, an increase of 333.1% from the August 15th total of 3,707 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 18,579 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

A number of institutional investors have recently made changes to their positions in HYBI. Aptus Capital Advisors LLC acquired a new position in NEOS Enhanced Income Credit Select ETF in the third quarter valued at about $145,000. World Equity Group Inc. acquired a new position in shares of NEOS Enhanced Income Credit Select ETF during the 1st quarter worth about $217,000. Focus Partners Wealth increased its stake in shares of NEOS Enhanced Income Credit Select ETF by 20.3% in the 3rd quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock valued at $242,000 after acquiring an additional 806 shares during the last quarter. Orion Porfolio Solutions LLC bought a new stake in shares of NEOS Enhanced Income Credit Select ETF in the 4th quarter valued at about $351,000. Finally, Cerity Partners LLC raised its position in shares of NEOS Enhanced Income Credit Select ETF by 5.6% in the 4th quarter. Cerity Partners LLC now owns 10,942 shares of the company’s stock valued at $551,000 after acquiring an additional 576 shares during the period.

NEOS Enhanced Income Credit Select ETF Trading Down 0.1%

NASDAQ HYBI traded down $0.03 during trading hours on Friday, hitting $48.26. The company’s stock had a trading volume of 26,359 shares, compared to its average volume of 26,276. NEOS Enhanced Income Credit Select ETF has a twelve month low of $48.25 and a twelve month high of $51.17. The stock has a fifty day moving average of $49.00 and a 200 day moving average of $49.33.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 11th. Stockholders of record on Wednesday, September 9th were paid a $0.3277 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

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.