NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) Trading Down 0.2% – Here’s What Happened

Shares of NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) were down 0.2% on Friday . The company traded as low as $49.45 and last traded at $49.55. Approximately 277,794 shares traded hands during mid-day trading, an increase of 134% from the average daily volume of 118,788 shares. The stock had previously closed at $49.67.

NEOS Russell 2000 High Income ETF Stock Down 0.2%

The stock has a market capitalization of $367.66 million, a price-to-earnings ratio of 16.33 and a beta of 1.14. The company has a 50 day simple moving average of $48.67 and a 200-day simple moving average of $47.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IWMI. Sunbelt Securities Inc. acquired a new stake in NEOS Russell 2000 High Income ETF in the third quarter worth $307,000. CoreCap Advisors LLC boosted its position in shares of NEOS Russell 2000 High Income ETF by 250.7% during the 3rd quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock worth $51,000 after purchasing an additional 752 shares in the last quarter. Private Trust Co. NA grew its stake in shares of NEOS Russell 2000 High Income ETF by 330.0% in the 3rd quarter. Private Trust Co. NA now owns 4,300 shares of the company’s stock valued at $209,000 after buying an additional 3,300 shares during the period. Finally, PVG Asset Management Corp bought a new stake in NEOS Russell 2000 High Income ETF in the 2nd quarter valued at about $228,000.

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.