NEOS Russell 2000 High Income ETF (BATS:IWMI) Trading 0.6% Higher – Should You Buy?

NEOS Russell 2000 High Income ETF (BATS:IWMI)’s stock price traded up 0.6% during mid-day trading on Thursday . The company traded as high as $48.03 and last traded at $47.89. 286,136 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 416,724 shares. The stock had previously closed at $47.60.

NEOS Russell 2000 High Income ETF Price Performance

The stock has a market capitalization of $214.07 million and a price-to-earnings ratio of 16.20. The firm’s fifty day moving average is $49.23 and its 200-day moving average is $49.17.

Institutional Investors Weigh In On NEOS Russell 2000 High Income ETF

A number of institutional investors have recently modified their holdings of IWMI. CoreCap Advisors LLC lifted its position in shares of NEOS Russell 2000 High Income ETF by 250.7% during the third quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock worth $51,000 after purchasing an additional 752 shares during the last quarter. Private Trust Co. NA increased its holdings 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 valued at $209,000 after buying an additional 3,300 shares during the last quarter. PVG Asset Management Corp bought a new stake in NEOS Russell 2000 High Income ETF in the second quarter valued at about $228,000. Sunbelt Securities Inc. acquired a new stake in NEOS Russell 2000 High Income ETF during the third quarter valued at approximately $307,000. Finally, FSA Advisors Inc. acquired a new stake in NEOS Russell 2000 High Income ETF during the fourth quarter valued at approximately $735,000.

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.