NEOS Russell 2000 High Income ETF (BATS:IWMI) Short Interest Up 286.3% in August

NEOS Russell 2000 High Income ETF (BATS:IWMI) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 187,838 shares, an increase of 286.3% from the July 30th total of 48,622 shares. Currently, 4.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 340,510 shares, the days-to-cover ratio is currently 0.6 days.

NEOS Russell 2000 High Income ETF Price Performance

Shares of BATS:IWMI opened at $52.59 on Friday. The business’s fifty day moving average price is $52.80 and its two-hundred day moving average price is $51.14. NEOS Russell 2000 High Income ETF has a fifty-two week low of $45.64 and a fifty-two week high of $53.86. The stock has a market capitalization of $235.08 million and a price-to-earnings ratio of 16.20.

Institutional Investors Weigh In On NEOS Russell 2000 High Income ETF

Several large investors have recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new stake in shares of NEOS Russell 2000 High Income ETF during the 1st quarter worth about $82,000. Sunbelt Securities Inc. bought a new position in NEOS Russell 2000 High Income ETF during the 3rd quarter valued at about $307,000. FSA Advisors Inc. acquired a new position in NEOS Russell 2000 High Income ETF in the fourth quarter valued at about $735,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in NEOS Russell 2000 High Income ETF during 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.