NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) Shares Up 0.6% – What’s Next?

Shares of NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) shot up 0.6% during trading on Monday . The stock traded as high as $51.26 and last traded at $51.17. 321,178 shares traded hands during trading, a decline of 9% from the average session volume of 354,618 shares. The stock had previously closed at $50.84.

NEOS Russell 2000 High Income ETF Trading Up 0.6%

The company has a market cap of $575.15 million, a PE ratio of 16.33 and a beta of 1.14. The business’s 50 day moving average is $50.07 and its two-hundred day moving average is $48.73.

Institutional Trading of NEOS Russell 2000 High Income ETF

Institutional investors have recently made changes to their positions in the business. FSA Advisors Inc. purchased a new position in NEOS Russell 2000 High Income ETF in the 4th quarter worth approximately $735,000. Sunbelt Securities Inc. bought a new stake in shares of NEOS Russell 2000 High Income ETF during the third quarter valued at approximately $307,000. PVG Asset Management Corp purchased a new position in shares of NEOS Russell 2000 High Income ETF in the second quarter worth $228,000. Private Trust Co. NA lifted its holdings in shares of 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 worth $209,000 after buying an additional 3,300 shares in the last quarter. Finally, CoreCap Advisors LLC boosted 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 acquiring an additional 752 shares during the last quarter.

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.