NEOS S&P 500 High Income ETF (BATS:SPYI) Short Interest Update

NEOS S&P 500 High Income ETF (BATS:SPYI) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 804,692 shares, a decline of 72.1% from the July 15th total of 2,882,262 shares. Based on an average daily trading volume, of 2,884,781 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.0% of the company’s stock are short sold.

NEOS S&P 500 High Income ETF Price Performance

NEOS S&P 500 High Income ETF stock opened at $54.39 on Friday. The firm has a 50-day moving average of $53.14 and a 200-day moving average of $52.40. NEOS S&P 500 High Income ETF has a one year low of $47.77 and a one year high of $54.47. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPYI. BCS Wealth Management raised its position in NEOS S&P 500 High Income ETF by 157.0% during the fourth quarter. BCS Wealth Management now owns 20,030 shares of the company’s stock worth $1,052,000 after acquiring an additional 12,237 shares in the last quarter. Merit Financial Group LLC grew its position in shares of NEOS S&P 500 High Income ETF by 3.9% in the 4th quarter. Merit Financial Group LLC now owns 425,441 shares of the company’s stock valued at $22,348,000 after acquiring an additional 15,919 shares during the period. AE Wealth Management LLC grew its position in shares of NEOS S&P 500 High Income ETF by 885.4% in the 4th quarter. AE Wealth Management LLC now owns 49,840 shares of the company’s stock valued at $2,618,000 after acquiring an additional 44,782 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of NEOS S&P 500 High Income ETF by 61.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 26,955 shares of the company’s stock worth $1,416,000 after purchasing an additional 10,301 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its stake in shares of NEOS S&P 500 High Income ETF by 38.1% during the 4th quarter. Belpointe Asset Management LLC now owns 82,246 shares of the company’s stock worth $4,320,000 after purchasing an additional 22,673 shares during the last quarter.

NEOS S&P 500 High Income ETF Company Profile

The Neos S&P 500(R) High Income ETF (SPYI) is an exchange-traded fund that mostly invests in total market equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts. SPYI was launched on Aug 30, 2022 and is managed by Neos.