NEOS Russell 2000 High Income ETF (BATS:IWMI – Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 107,680 shares, a growth of 233.8% from the August 31st total of 32,261 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily volume of 461,195 shares, the short-interest ratio is currently 0.2 days.
NEOS Russell 2000 High Income ETF Stock Performance
BATS:IWMI opened at $49.60 on Friday. The firm’s 50-day moving average is $51.93 and its 200-day moving average is $51.25. The company has a market cap of $221.71 million and a price-to-earnings ratio of 16.20. NEOS Russell 2000 High Income ETF has a 52-week low of $45.64 and a 52-week high of $53.86.
Hedge Funds Weigh In On NEOS Russell 2000 High Income ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in NEOS Russell 2000 High Income ETF in the 1st quarter valued at approximately $2,307,000. FSA Advisors Inc. grew its holdings in shares of NEOS Russell 2000 High Income ETF by 36.2% during the 1st quarter. FSA Advisors Inc. now owns 20,566 shares of the company’s stock worth $975,000 after purchasing an additional 5,464 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of NEOS Russell 2000 High Income ETF by 40.3% during the first quarter. Sunbelt Securities Inc. now owns 9,956 shares of the company’s stock valued at $472,000 after purchasing an additional 2,861 shares during the period. Finally, Sound Income Strategies LLC bought a new stake in shares of NEOS Russell 2000 High Income ETF during the first quarter valued at approximately $82,000.
NEOS Russell 2000 High Income ETF Company Profile
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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