NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Sees Large Increase in Short Interest

NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 4,890 shares, a growth of 449.4% from the October 15th total of 890 shares. Based on an average trading volume of 31,133 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On NEOS Enhanced Income Credit Select ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. World Equity Group Inc. purchased a new stake in NEOS Enhanced Income Credit Select ETF during the first quarter valued at $217,000. HighTower Advisors LLC purchased a new position in NEOS Enhanced Income Credit Select ETF in the third quarter worth about $490,000. Envestnet Asset Management Inc. boosted its position in NEOS Enhanced Income Credit Select ETF by 43.5% in the second quarter. Envestnet Asset Management Inc. now owns 11,083 shares of the company’s stock worth $546,000 after purchasing an additional 3,362 shares during the last quarter. Kestra Advisory Services LLC boosted its position in NEOS Enhanced Income Credit Select ETF by 5.3% in the first quarter. Kestra Advisory Services LLC now owns 12,437 shares of the company’s stock worth $615,000 after purchasing an additional 623 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of NEOS Enhanced Income Credit Select ETF by 9.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,040 shares of the company’s stock valued at $794,000 after purchasing an additional 1,440 shares during the period.

NEOS Enhanced Income Credit Select ETF Stock Down 0.0%

NEOS Enhanced Income Credit Select ETF stock traded down $0.02 during midday trading on Friday, reaching $47.52. 38,344 shares of the company traded hands, compared to its average volume of 26,181. The business has a 50 day moving average of $48.13 and a two-hundred day moving average of $49.14. NEOS Enhanced Income Credit Select ETF has a 12 month low of $47.50 and a 12 month high of $50.61.

NEOS Enhanced Income Credit Select ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.3205 per share. The ex-dividend date is Tuesday, November 10th. This represents a $3.85 dividend on an annualized basis and a yield of 8.1%. This is a drop from NEOS Enhanced Income Credit Select ETF’s previous monthly dividend of $0.3235.

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.