NEOS Russell 2000 High Income ETF (BATS:IWMI) Shares Shorted: Short Interest Down 67.6% in October

NEOS Russell 2000 High Income ETF (BATS:IWMI) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 49,089 shares, a drop of 67.6% from the October 15th total of 151,736 shares. Based on an average daily trading volume, of 411,935 shares, the short-interest ratio is presently 0.1 days. Currently, 1.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in NEOS Russell 2000 High Income ETF by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 131,481 shares of the company’s stock worth $6,439,000 after purchasing an additional 15,198 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in NEOS Russell 2000 High Income ETF during the first quarter valued at approximately $2,307,000. FSA Advisors Inc. grew its holdings in NEOS Russell 2000 High Income ETF by 36.2% during the first quarter. FSA Advisors Inc. now owns 20,566 shares of the company’s stock valued at $975,000 after purchasing an additional 5,464 shares during the last quarter. NFSG Corp grew its holdings in NEOS Russell 2000 High Income ETF by 6.5% during the third quarter. NFSG Corp now owns 19,593 shares of the company’s stock valued at $959,000 after purchasing an additional 1,202 shares during the last quarter. Finally, Vima LLC bought a new position in shares of NEOS Russell 2000 High Income ETF in the third quarter valued at approximately $713,000.

NEOS Russell 2000 High Income ETF Stock Down 0.1%

Shares of BATS:IWMI traded down $0.07 on Friday, reaching $48.83. The company had a trading volume of 319,200 shares, compared to its average volume of 398,742. The stock has a market capitalization of $1.33 billion, a P/E ratio of 15.72 and a beta of 0.93. The stock has a 50-day moving average price of $49.41 and a 200 day moving average price of $50.69. NEOS Russell 2000 High Income ETF has a twelve month low of $45.64 and a twelve month high of $53.86.

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.