NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) Sees Strong Trading Volume – Here’s What Happened

NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI) saw unusually-strong trading volume on Monday . Approximately 507,844 shares changed hands during mid-day trading, an increase of 27% from the previous session’s volume of 398,987 shares.The stock last traded at $47.13 and had previously closed at $48.23.

NEOS Russell 2000 High Income ETF Price Performance

The stock has a market cap of $547.39 million, a P/E ratio of 16.33 and a beta of 1.14. The stock’s 50-day moving average is $50.22 and its two-hundred day moving average is $49.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IWMI. Sunbelt Securities Inc. increased its holdings in shares of NEOS Russell 2000 High Income ETF by 12.4% in the fourth quarter. Sunbelt Securities Inc. now owns 7,095 shares of the company’s stock worth $345,000 after purchasing an additional 781 shares during the last quarter. FSA Advisors Inc. bought a new position in NEOS Russell 2000 High Income ETF during the fourth quarter valued at approximately $735,000. Private Trust Co. NA grew its holdings in NEOS Russell 2000 High Income ETF by 11.6% during the 4th 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 grew its holdings in NEOS Russell 2000 High Income ETF by 250.7% during the 3rd quarter. CoreCap Advisors LLC now owns 1,052 shares of the company’s stock valued at $51,000 after buying an additional 752 shares in the last quarter. Finally, PVG Asset Management Corp bought a new stake in NEOS Russell 2000 High Income ETF in the 2nd quarter worth approximately $228,000.

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.