NEOS S&P 500 High Income ETF (BATS:SPYI) Sees Large Growth in Short Interest

NEOS S&P 500 High Income ETF (BATS:SPYI) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 5,028,017 shares, a growth of 322.6% from the September 30th total of 1,189,900 shares. Based on an average trading volume of 2,798,174 shares, the days-to-cover ratio is presently 1.8 days. Currently, 6.1% of the shares of the stock are sold short.

Institutional Trading of NEOS S&P 500 High Income ETF

Several institutional investors have recently modified their holdings of the stock. Vision Financial Markets LLC acquired a new position in shares of NEOS S&P 500 High Income ETF during the 3rd quarter worth about $28,000. Root Financial Partners LLC increased its stake in NEOS S&P 500 High Income ETF by 79.2% during the 1st quarter. Root Financial Partners LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 255 shares in the last quarter. Roble Belko & Company Inc increased its stake in NEOS S&P 500 High Income ETF by 50.8% during the 2nd quarter. Roble Belko & Company Inc now owns 594 shares of the company’s stock worth $32,000 after buying an additional 200 shares in the last quarter. Continuum Advisory LLC acquired a new position in shares of NEOS S&P 500 High Income ETF during the second quarter valued at approximately $32,000. Finally, Trust Co. of Vermont acquired a new position in shares of NEOS S&P 500 High Income ETF during the second quarter valued at approximately $50,000.

NEOS S&P 500 High Income ETF Stock Performance

Shares of BATS SPYI opened at $53.28 on Friday. The firm has a market cap of $4.40 billion, a PE ratio of 25.58 and a beta of 0.71. The firm has a fifty day moving average of $53.50 and a 200 day moving average of $52.72. NEOS S&P 500 High Income ETF has a one year low of $47.77 and a one year high of $54.47.

NEOS S&P 500 High Income ETF Company Profile

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.