NEOS Russell 2000 High Income ETF (BATS:IWMI) Short Interest Down 58.0% in July

NEOS Russell 2000 High Income ETF (BATS:IWMI) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 80,729 shares, a decrease of 58.0% from the June 30th total of 192,351 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average trading volume of 362,747 shares, the days-to-cover ratio is currently 0.2 days.

NEOS Russell 2000 High Income ETF Stock Up 0.6%

Shares of IWMI stock opened at $52.04 on Tuesday. The stock has a fifty day moving average of $52.44 and a 200 day moving average of $50.79. NEOS Russell 2000 High Income ETF has a 52 week low of $44.52 and a 52 week high of $53.86. The firm has a market capitalization of $232.62 million and a price-to-earnings ratio of 16.20.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC purchased a new stake in shares of NEOS Russell 2000 High Income ETF in the 1st quarter worth about $82,000. Private Trust Co. NA increased its position 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 valued at $234,000 after buying an additional 500 shares during the period. Sunbelt Securities Inc. bought a new position in NEOS Russell 2000 High Income ETF in the third quarter worth about $307,000. FSA Advisors Inc. bought a new position in NEOS Russell 2000 High Income ETF in the fourth quarter worth about $735,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in NEOS Russell 2000 High Income ETF in the first quarter worth about $2,307,000.

About NEOS Russell 2000 High Income ETF

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.