NEOS Russell 2000 High Income ETF (BATS:IWMI) Short Interest Down 89.9% in May
by Tristan Rich · The Markets DailyNEOS Russell 2000 High Income ETF (BATS:IWMI – Get Free Report) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 27,084 shares, a drop 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 Stock Performance
BATS:IWMI traded up $0.06 during mid-day trading on Tuesday, hitting $51.53. 328,645 shares of the company’s stock traded hands, compared to its average volume of 378,201. The firm’s 50 day simple moving average is $50.73 and its 200 day simple moving average is $49.93. NEOS Russell 2000 High Income ETF has a 1 year low of $44.52 and a 1 year high of $52.71. The company has a market cap of $230.34 million and a PE ratio of 16.20.
Hedge Funds Weigh In On NEOS Russell 2000 High Income ETF
Hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new position in NEOS Russell 2000 High Income ETF during the 1st quarter valued at about $82,000. Private Trust Co. NA increased 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 valued at $234,000 after acquiring an additional 500 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in NEOS Russell 2000 High Income ETF during the 3rd quarter valued at about $307,000. FSA Advisors Inc. purchased a new position in NEOS Russell 2000 High Income ETF during the 4th quarter valued at about $735,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in NEOS Russell 2000 High Income ETF during the 1st quarter valued at about $2,307,000.
About NEOS Russell 2000 High Income ETF
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.