NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Short Interest Down 86.1% in January

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 5,931 shares, a drop of 86.1% from the December 31st total of 42,669 shares. Based on an average daily volume of 23,073 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 23,073 shares, the short-interest ratio is presently 0.3 days.

NEOS Enhanced Income Credit Select ETF Trading Down 0.1%

Shares of HYBI stock traded down $0.06 on Wednesday, hitting $50.32. The company had a trading volume of 34,536 shares, compared to its average volume of 24,919. The stock’s 50-day moving average is $50.38 and its two-hundred day moving average is $50.49. NEOS Enhanced Income Credit Select ETF has a twelve month low of $46.95 and a twelve month high of $51.85.

NEOS Enhanced Income Credit Select ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, January 14th were issued a dividend of $0.3386 per share. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a c) dividend on an annualized basis and a yield of 8.1%. This is an increase from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.34.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

A number of hedge funds have recently modified their holdings of HYBI. CWM LLC purchased a new position in shares of NEOS Enhanced Income Credit Select ETF during the 2nd quarter valued at $56,000. Aptus Capital Advisors LLC purchased a new position in NEOS Enhanced Income Credit Select ETF in the 3rd quarter valued at approximately $145,000. Tectonic Advisors LLC purchased a new stake in shares of NEOS Enhanced Income Credit Select ETF during the second quarter worth $202,000. World Equity Group Inc. boosted its holdings in shares of NEOS Enhanced Income Credit Select ETF by 6.8% in the third quarter. World Equity Group Inc. now owns 4,582 shares of the company’s stock worth $232,000 after acquiring an additional 290 shares during the period. Finally, Focus Partners Wealth raised its stake in shares of 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 during the period.

NEOS Enhanced Income Credit Select ETF Company Profile

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.