NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Sees Significant Drop in Short Interest

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 10,018 shares, a decline of 63.5% from the July 15th total of 27,481 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 28,532 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On NEOS Enhanced Income Credit Select ETF

Several institutional investors and hedge funds have recently bought and sold shares of HYBI. Aptus Capital Advisors LLC bought a new position in NEOS Enhanced Income Credit Select ETF in the third quarter worth about $145,000. World Equity Group Inc. bought a new position in shares of NEOS Enhanced Income Credit Select ETF during the first quarter valued at approximately $217,000. Focus Partners Wealth grew its holdings in shares of NEOS Enhanced Income Credit Select ETF by 20.3% during the third quarter. Focus Partners Wealth now owns 4,776 shares of the company’s stock valued at $242,000 after purchasing an additional 806 shares during the last quarter. CWM LLC raised its position in shares of NEOS Enhanced Income Credit Select ETF by 350.8% during the 4th quarter. CWM LLC now owns 5,112 shares of the company’s stock worth $257,000 after purchasing an additional 3,978 shares during the period. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of NEOS Enhanced Income Credit Select ETF during the 4th quarter worth approximately $351,000.

NEOS Enhanced Income Credit Select ETF Stock Down 0.1%

HYBI stock traded down $0.05 during trading on Friday, hitting $48.94. 64,079 shares of the company’s stock traded hands, compared to its average volume of 27,151. NEOS Enhanced Income Credit Select ETF has a 52 week low of $48.69 and a 52 week high of $51.17. The stock has a fifty day moving average price of $49.13 and a two-hundred day moving average price of $49.53.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Wednesday, August 12th were issued a $0.3291 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a c) annualized dividend and a dividend yield of 8.1%.

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.