Short Interest in NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Increases By 91.1%

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 28,118 shares, a growth of 91.1% from the March 31st total of 14,715 shares. Based on an average daily volume of 24,009 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

Several hedge funds have recently added to or reduced their stakes in the business. World Equity Group Inc. lifted its holdings in NEOS Enhanced Income Credit Select ETF by 6.8% during the 3rd quarter. World Equity Group Inc. now owns 4,582 shares of the company’s stock worth $232,000 after purchasing an additional 290 shares during the last quarter. Ieq Capital LLC lifted 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 worth $2,226,000 after purchasing an additional 294 shares during the last quarter. Cerity Partners LLC lifted its holdings in NEOS Enhanced Income Credit Select ETF by 5.6% during the 4th quarter. Cerity Partners LLC now owns 10,942 shares of the company’s stock worth $551,000 after purchasing an additional 576 shares during the last quarter. Focus Partners Wealth lifted its holdings in NEOS Enhanced Income Credit Select ETF by 20.3% during the 3rd quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock worth $242,000 after purchasing an additional 806 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in NEOS Enhanced Income Credit Select ETF by 9.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,040 shares of the company’s stock worth $794,000 after purchasing an additional 1,440 shares during the last quarter.

NEOS Enhanced Income Credit Select ETF Price Performance

Shares of NEOS Enhanced Income Credit Select ETF stock opened at $49.71 on Monday. The business has a fifty day simple moving average of $49.73 and a two-hundred day simple moving average of $50.15. NEOS Enhanced Income Credit Select ETF has a 1 year low of $49.21 and a 1 year high of $51.17.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, April 17th. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.3338 per share. The ex-dividend date of this dividend was Wednesday, April 15th.

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.