NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Trading 0.1% Higher – Here’s What Happened

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI)’s stock price traded up 0.1% on Thursday . The stock traded as high as $49.55 and last traded at $49.51. 17,392 shares were traded during trading, a decline of 20% from the average session volume of 21,751 shares. The stock had previously closed at $49.47.

NEOS Enhanced Income Credit Select ETF Price Performance

The business has a 50-day moving average of $49.93 and a 200-day moving average of $50.29.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 13th. Stockholders of record on Wednesday, March 11th were paid a $0.3345 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a c) annualized dividend and a dividend yield of 8.1%.

Hedge Funds Weigh In On NEOS Enhanced Income Credit Select ETF

Large investors have recently made changes to their positions in the company. Ieq Capital LLC grew its holdings in NEOS Enhanced Income Credit Select ETF by 0.7% during the 4th quarter. Ieq Capital LLC now owns 44,224 shares of the company’s stock valued at $2,226,000 after purchasing an additional 294 shares during the last quarter. Jane Street Group LLC lifted its stake in NEOS Enhanced Income Credit Select ETF by 60.7% in the fourth quarter. Jane Street Group LLC now owns 22,949 shares of the company’s stock worth $1,155,000 after purchasing an additional 8,669 shares during the last quarter. Orion Porfolio Solutions LLC bought a new stake in NEOS Enhanced Income Credit Select ETF in the fourth quarter worth about $351,000. Janney Montgomery Scott LLC purchased a new position in shares of NEOS Enhanced Income Credit Select ETF during the fourth quarter valued at approximately $735,000. Finally, Cerity Partners LLC boosted its position in shares of NEOS Enhanced Income Credit Select ETF by 5.6% during the fourth quarter. Cerity Partners LLC now owns 10,942 shares of the company’s stock valued at $551,000 after buying an additional 576 shares during the period.

About NEOS Enhanced Income Credit Select ETF

The NEOS Enhanced Income Credit Select ETF (HYBI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds, investing in US bonds via ETFs and using S&P 500 put options for tax-efficient monthly income. The fund seeks to balance investments in high-yield and investment-grade securities, aiming for total return. HYBI was launched on Sep 30, 2024 and is issued by Neos.