NEOS Russell 2000 High Income ETF (BATS:IWMI) Stock Price Up 0.3% – What’s Next?

NEOS Russell 2000 High Income ETF (BATS:IWMI) shares traded up 0.3% during mid-day trading on Friday . The stock traded as high as $50.91 and last traded at $50.80. 283,373 shares were traded during mid-day trading, a decline of 30% from the average session volume of 404,903 shares. The stock had previously closed at $50.63.

NEOS Russell 2000 High Income ETF Stock Performance

The company’s 50 day moving average price is $49.08 and its 200-day moving average price is $49.32. The company has a market cap of $227.08 million and a price-to-earnings ratio of 16.20.

Hedge Funds Weigh In On NEOS Russell 2000 High Income ETF

Several hedge funds have recently made changes to their positions in IWMI. CoreCap Advisors LLC grew its stake 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 purchasing an additional 752 shares during 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 worth $209,000 after purchasing an additional 3,300 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of NEOS Russell 2000 High Income ETF in the 3rd quarter worth approximately $307,000. Finally, FSA Advisors Inc. acquired a new position in shares of NEOS Russell 2000 High Income ETF in the 4th quarter worth approximately $735,000.

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.