NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Stock Short Interest Report for September

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 3,497 shares, a decrease of 71.7% from the September 15th total of 12,375 shares. Based on an average daily trading volume, of 16,080 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On NEOS Enhanced Income Credit Select ETF

Several hedge funds have recently made changes to their positions in HYBI. Envestnet Asset Management Inc. increased its holdings in shares of NEOS Enhanced Income Credit Select ETF by 43.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,083 shares of the company’s stock valued at $546,000 after acquiring an additional 3,362 shares during the period. RFG Advisory LLC lifted its holdings in NEOS Enhanced Income Credit Select ETF by 26.3% in the second quarter. RFG Advisory LLC now owns 44,682 shares of the company’s stock valued at $2,200,000 after acquiring an additional 9,317 shares during the period. Triumph Capital Management purchased a new stake in NEOS Enhanced Income Credit Select ETF during the second quarter worth about $826,000. World Equity Group Inc. boosted its stake in shares of NEOS Enhanced Income Credit Select ETF by 36.7% during the 2nd quarter. World Equity Group Inc. now owns 5,985 shares of the company’s stock worth $295,000 after acquiring an additional 1,608 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its position in NEOS Enhanced Income Credit Select ETF by 5.3% during the first quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock worth $615,000 after purchasing an additional 623 shares in the last quarter.

NEOS Enhanced Income Credit Select ETF Trading Down 0.0%

Shares of NASDAQ HYBI traded down $0.01 during mid-day trading on Tuesday, reaching $48.27. The company had a trading volume of 41,167 shares, compared to its average volume of 25,676. The firm has a 50 day simple moving average of $48.63 and a two-hundred day simple moving average of $49.10. NEOS Enhanced Income Credit Select ETF has a 52-week low of $48.10 and a 52-week high of $50.78.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 11th. Shareholders of record on Wednesday, September 9th were paid a $0.3277 dividend. This is a drop from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.3291. This represents a $3.93 annualized dividend and a yield of 8.1%. The ex-dividend date was Wednesday, September 9th.

NEOS Enhanced Income Credit Select ETF Company Profile

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.