NEOS S&P 500 High Income ETF (BATS:SPYI) Short Interest Down 54.8% in June

NEOS S&P 500 High Income ETF (BATS:SPYI) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 906,901 shares, a decrease of 54.8% from the June 15th total of 2,005,373 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 2,558,391 shares, the days-to-cover ratio is currently 0.4 days.

NEOS S&P 500 High Income ETF Stock Up 0.4%

Shares of SPYI stock opened at $53.56 on Wednesday. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 25.58 and a beta of 0.71. NEOS S&P 500 High Income ETF has a fifty-two week low of $47.77 and a fifty-two week high of $54.11. The firm’s 50 day moving average price is $53.22 and its two-hundred day moving average price is $52.32.

Hedge Funds Weigh In On NEOS S&P 500 High Income ETF

A number of hedge funds have recently made changes to their positions in SPYI. GHP Investment Advisors Inc. boosted its stake in NEOS S&P 500 High Income ETF by 8.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 2,651 shares of the company’s stock valued at $139,000 after acquiring an additional 198 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in NEOS S&P 500 High Income ETF by 32.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 820 shares of the company’s stock worth $43,000 after acquiring an additional 200 shares in the last quarter. Compound Planning Inc. increased its position in shares of NEOS S&P 500 High Income ETF by 1.1% in the 4th quarter. Compound Planning Inc. now owns 20,333 shares of the company’s stock worth $1,068,000 after purchasing an additional 222 shares during the last quarter. HighMark Wealth Management LLC raised its stake in shares of NEOS S&P 500 High Income ETF by 3.0% in the 4th quarter. HighMark Wealth Management LLC now owns 8,016 shares of the company’s stock valued at $421,000 after purchasing an additional 236 shares in the last quarter. Finally, Pasadena Private Wealth LLC raised its stake in shares of NEOS S&P 500 High Income ETF by 2.9% in the 1st quarter. Pasadena Private Wealth LLC now owns 8,417 shares of the company’s stock valued at $416,000 after purchasing an additional 240 shares in the last quarter.

About NEOS S&P 500 High Income ETF

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.