NEOS Russell 2000 High Income ETF (BATS:IWMI) Short Interest Down 89.9% in May

NEOS Russell 2000 High Income ETF (BATS:IWMI) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 27,084 shares, a decrease of 89.9% from the May 14th total of 268,980 shares. Based on an average trading volume of 311,802 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.6% of the shares of the stock are short sold.

NEOS Russell 2000 High Income ETF Trading Up 0.1%

Shares of BATS IWMI opened at $51.53 on Wednesday. NEOS Russell 2000 High Income ETF has a twelve month low of $44.52 and a twelve month high of $52.71. The company has a market capitalization of $230.34 million and a price-to-earnings ratio of 16.20. The firm has a 50-day moving average of $50.73 and a two-hundred day moving average of $49.93.

Institutional Investors Weigh In On NEOS Russell 2000 High Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IWMI. FSA Advisors Inc. acquired a new stake in NEOS Russell 2000 High Income ETF during the 4th quarter worth about $735,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in NEOS Russell 2000 High Income ETF during the 1st quarter worth about $2,307,000. Sunbelt Securities Inc. raised its holdings in NEOS Russell 2000 High Income ETF by 40.3% during the 1st quarter. Sunbelt Securities Inc. now owns 9,956 shares of the company’s stock worth $472,000 after buying an additional 2,861 shares during the period. Sound Income Strategies LLC acquired a new stake in NEOS Russell 2000 High Income ETF during the 1st quarter worth about $82,000. Finally, Private Trust Co. NA raised 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 worth $234,000 after buying an additional 500 shares during the period.

NEOS Russell 2000 High Income ETF Company Profile

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.