NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) Stock Price Down 0.6% – Here’s Why

NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI)’s stock price fell 0.6% during trading on Tuesday . The stock traded as low as $48.99 and last traded at $48.99. 329,395 shares were traded during trading, an increase of 157% from the average session volume of 128,179 shares. The stock had previously closed at $49.31.

NEOS Russell 2000 High Income ETF Trading Down 0.6%

The firm has a market cap of $363.51 million, a P/E ratio of 16.33 and a beta of 1.14. The stock’s fifty day moving average is $48.92 and its two-hundred day moving average is $47.83.

Institutional Investors Weigh In On NEOS Russell 2000 High Income ETF

Several large investors have recently added to or reduced their stakes in IWMI. CoreCap Advisors LLC increased its holdings in shares of NEOS Russell 2000 High Income ETF by 250.7% in the 3rd quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock worth $51,000 after buying an additional 752 shares during the last quarter. Private Trust Co. NA grew its position in NEOS Russell 2000 High Income ETF by 330.0% in the third quarter. Private Trust Co. NA now owns 4,300 shares of the company’s stock worth $209,000 after acquiring an additional 3,300 shares in the last quarter. PVG Asset Management Corp purchased a new position in NEOS Russell 2000 High Income ETF in the second quarter worth $228,000. Finally, Sunbelt Securities Inc. bought a new position in NEOS Russell 2000 High Income ETF in the third quarter valued at $307,000.

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.