NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Short Interest Down 43.1% in April
by Amy Steele · The Cerbat GemNEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI – Get Free Report) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 16,001 shares, a decrease of 43.1% from the April 15th total of 28,118 shares. Based on an average trading volume of 20,234 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the company’s stock are sold short.
NEOS Enhanced Income Credit Select ETF Trading Down 0.1%
NASDAQ:HYBI traded down $0.06 during midday trading on Monday, reaching $49.03. 45,844 shares of the stock traded hands, compared to its average volume of 23,977. NEOS Enhanced Income Credit Select ETF has a 12-month low of $48.95 and a 12-month high of $51.17. The business has a 50-day moving average of $49.58 and a two-hundred day moving average of $50.07.
NEOS Enhanced Income Credit Select ETF Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, May 15th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.3329 per share. The ex-dividend date was Wednesday, May 13th.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Aptus Capital Advisors LLC acquired a new position in NEOS Enhanced Income Credit Select ETF during the 3rd quarter valued at approximately $145,000. World Equity Group Inc. acquired a new position in NEOS Enhanced Income Credit Select ETF during the 1st quarter valued at approximately $217,000. Focus Partners Wealth increased its stake 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 valued at $242,000 after purchasing an additional 806 shares in the last quarter. CWM LLC increased its stake in NEOS Enhanced Income Credit Select ETF by 350.8% during the 4th quarter. CWM LLC now owns 5,112 shares of the company’s stock valued at $257,000 after purchasing an additional 3,978 shares in the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new position in NEOS Enhanced Income Credit Select ETF during the 4th quarter valued at approximately $351,000.
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.