NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) Trading Down 1.4% – Here’s Why

NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI)’s share price traded down 1.4% during mid-day trading on Tuesday . The stock traded as low as $48.60 and last traded at $49.58. 476,933 shares traded hands during mid-day trading, an increase of 19% from the average session volume of 400,359 shares. The stock had previously closed at $50.27.

NEOS Russell 2000 High Income ETF Stock Down 1.4%

The firm has a market cap of $557.28 million, a price-to-earnings ratio of 16.33 and a beta of 1.14. The stock’s 50 day moving average is $50.26 and its 200 day moving average is $49.19.

Institutional Trading of NEOS Russell 2000 High Income ETF

Institutional investors have recently modified their holdings of the company. Private Trust Co. NA boosted its stake in 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 valued at $234,000 after buying an additional 500 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in 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 valued at $51,000 after acquiring an additional 752 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in NEOS Russell 2000 High Income ETF by 12.4% in the 4th quarter. Sunbelt Securities Inc. now owns 7,095 shares of the company’s stock valued at $345,000 after acquiring an additional 781 shares during the last quarter. PVG Asset Management Corp bought a new position in shares of NEOS Russell 2000 High Income ETF during the 2nd quarter valued at about $228,000. 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.

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.