NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Stock Short Interest Report for October

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 890 shares, a drop of 74.5% from the September 30th total of 3,497 shares. Based on an average daily trading volume, of 34,073 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

NEOS Enhanced Income Credit Select ETF Trading Down 0.0%

Shares of HYBI traded down $0.01 during mid-day trading on Wednesday, reaching $48.09. 20,066 shares of the company’s stock were exchanged, compared to its average volume of 26,222. NEOS Enhanced Income Credit Select ETF has a 52-week low of $47.77 and a 52-week high of $50.61. The company has a 50-day simple moving average of $48.39 and a two-hundred day simple moving average of $49.29.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, October 14th were given a dividend of $0.3235 per share. This represents a $3.88 dividend on an annualized basis and a yield of 8.1%. This is a decrease from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.3277. The ex-dividend date was Wednesday, October 14th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Triumph Capital Management purchased a new position in NEOS Enhanced Income Credit Select ETF during the second quarter worth about $826,000. Envestnet Asset Management Inc. grew its holdings in NEOS Enhanced Income Credit Select ETF by 43.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,083 shares of the company’s stock valued at $546,000 after buying an additional 3,362 shares during the period. RFG Advisory LLC grew its holdings in NEOS Enhanced Income Credit Select ETF by 26.3% in the 2nd quarter. RFG Advisory LLC now owns 44,682 shares of the company’s stock valued at $2,200,000 after buying an additional 9,317 shares during the period. World Equity Group Inc. grew its holdings in NEOS Enhanced Income Credit Select ETF by 36.7% in the 2nd quarter. World Equity Group Inc. now owns 5,985 shares of the company’s stock valued at $295,000 after buying an additional 1,608 shares during the period. Finally, Kestra Advisory Services LLC increased its stake in shares of NEOS Enhanced Income Credit Select ETF by 5.3% during the 1st quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock valued at $615,000 after acquiring an additional 623 shares during the last quarter.

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.