NEOS Russell 2000 High Income ETF (BATS:IWMI) Short Interest Down 58.0% in July

NEOS Russell 2000 High Income ETF (BATS:IWMI) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 80,729 shares, a decline of 58.0% from the June 30th total of 192,351 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average trading volume of 362,747 shares, the short-interest ratio is presently 0.2 days.

NEOS Russell 2000 High Income ETF Stock Performance

NEOS Russell 2000 High Income ETF stock opened at $51.73 on Monday. NEOS Russell 2000 High Income ETF has a twelve month low of $44.52 and a twelve month high of $53.86. The stock’s fifty day simple moving average is $52.41 and its 200-day simple moving average is $50.77. The firm has a market capitalization of $231.23 million and a P/E ratio of 16.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IWMI. Sunbelt Securities Inc. acquired a new stake in NEOS Russell 2000 High Income ETF in the 3rd quarter valued at about $307,000. Private Trust Co. NA grew its position in shares of NEOS Russell 2000 High Income ETF by 11.6% during the fourth quarter. Private Trust Co. NA now owns 4,800 shares of the company’s stock worth $234,000 after buying an additional 500 shares in the last quarter. FSA Advisors Inc. acquired a new position in shares of NEOS Russell 2000 High Income ETF during the fourth quarter worth about $735,000. Sound Income Strategies LLC purchased a new stake in shares of NEOS Russell 2000 High Income ETF during the first quarter worth approximately $82,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of NEOS Russell 2000 High Income ETF during the first quarter worth approximately $2,307,000.

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.