NEOS S&P 500 High Income ETF (BATS:SPYI) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

NEOS S&P 500 High Income ETF (BATS:SPYI) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.58 and traded as high as $52.20. NEOS S&P 500 High Income ETF shares last traded at $52.05, with a volume of 866,609 shares.

NEOS S&P 500 High Income ETF Stock Up 0.2 %

The stock has a market capitalization of $1.31 billion, a P/E ratio of 21.64 and a beta of 0.69. The business’s 50 day simple moving average is $51.50 and its two-hundred day simple moving average is $50.58.

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

Several large investors have recently added to or reduced their stakes in SPYI. International Assets Investment Management LLC raised its stake in shares of NEOS S&P 500 High Income ETF by 5,381.7% in the third quarter. International Assets Investment Management LLC now owns 7,950,949 shares of the company’s stock worth $407,327,000 after purchasing an additional 7,805,903 shares during the last quarter. Lee Johnson Capital Management LLC bought a new stake in NEOS S&P 500 High Income ETF during the second quarter worth $32,185,000. LPL Financial LLC raised its position in NEOS S&P 500 High Income ETF by 47.4% in the 2nd quarter. LPL Financial LLC now owns 671,598 shares of the company’s stock valued at $33,681,000 after buying an additional 215,854 shares during the last quarter. Brown Financial Advisors lifted its stake in NEOS S&P 500 High Income ETF by 2,856.6% during the 3rd quarter. Brown Financial Advisors now owns 164,448 shares of the company’s stock valued at $8,425,000 after acquiring an additional 158,886 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in NEOS S&P 500 High Income ETF by 103.1% during the 3rd quarter. Private Advisor Group LLC now owns 133,541 shares of the company’s stock worth $6,857,000 after acquiring an additional 67,805 shares during the last quarter.

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.