NEOS S&P 500 High Income ETF (BATS:SPYI) Sees Significant Decrease in Short Interest

NEOS S&P 500 High Income ETF (BATS:SPYI) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,189,900 shares, a decrease of 43.4% from the September 15th total of 2,101,703 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 2,746,609 shares, the short-interest ratio is presently 0.4 days.

NEOS S&P 500 High Income ETF Stock Performance

NEOS S&P 500 High Income ETF stock opened at $53.67 on Thursday. NEOS S&P 500 High Income ETF has a 1 year low of $47.77 and a 1 year high of $54.47. The firm’s 50-day moving average is $53.68 and its 200-day moving average is $52.98. The company has a market cap of $4.43 billion, a P/E ratio of 25.58 and a beta of 0.71.

Institutional Investors Weigh In On NEOS S&P 500 High Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Three Magnolias Financial Advisors LLC bought a new stake in shares of NEOS S&P 500 High Income ETF during the third quarter valued at approximately $520,000. Signal Advisors Wealth LLC boosted its position in shares of NEOS S&P 500 High Income ETF by 12.9% during the third quarter. Signal Advisors Wealth LLC now owns 7,750 shares of the company’s stock worth $412,000 after buying an additional 884 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in NEOS S&P 500 High Income ETF in the 3rd quarter worth approximately $300,000. Clay Northam Wealth Management LLC grew its holdings in NEOS S&P 500 High Income ETF by 9.6% in the 3rd quarter. Clay Northam Wealth Management LLC now owns 20,649 shares of the company’s stock worth $1,098,000 after buying an additional 1,806 shares in the last quarter. Finally, Accel Wealth Management grew its holdings in NEOS S&P 500 High Income ETF by 2.0% in the 3rd quarter. Accel Wealth Management now owns 10,984 shares of the company’s stock worth $584,000 after buying an additional 215 shares in the last quarter.

About NEOS S&P 500 High Income ETF

The Neos S&P 500(R) High Income ETF (SPYI) is an exchange-traded fund that mostly invests in total market equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts. SPYI was launched on Aug 30, 2022 and is managed by Neos.