NEOS Russell 2000 High Income ETF (IWMI)Derivative Income | Exchange Traded Fund | Cboe US
52.11 USD
-0.51
(-0.969%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 52.35 +0.24 (0.461%) ⇧ (Aug. 28, 2026, 7:53 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:54 a.m. EDT
The 13.8% yield is the headline here, but it comes with a significant caveat: the underlying asset has lost nearly 4.3% of its value over the last year. While the dividend payments remain consistent and robust, the price action reveals a market that is not rewarding this income strategy with capital appreciation. The recent price trend shows the ETF hovering near its 52-week highs, suggesting some stabilization, but the lack of a multi-year upward trajectory prevents a strong long-term recommendation. The options market confirms this caution, with traders buying insurance (puts) rather than betting on a rally. This is a solid income vehicle for a defensive portfolio, but investors should expect the yield to be the primary driver of returns, not price growth. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.009750 |
| AutoTheta | 0.009759 |
| AutoARIMA | 0.010007 |
| MSTL | 0.013618 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 56% |
| H-stat | 4.97 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.265 |
| Excess Kurtosis | -0.46 |
| Attribute | Value |
|---|---|
| Trailing P/E | 18.46 |
As of Aug. 22, 2026, 5:54 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume relative to calls, particularly for the November expiration where OTM puts dominate open interest. This suggests a fear of downside volatility rather than a bullish bet on appreciation. The implied volatility skew is elevated on puts compared to calls, indicating a premium for protection against a drop below current levels.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.21% | 14.43% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-08-19 | 0.637 | 1.208729 |
| 2026-07-22 | 0.625 | 1.197777 |
| 2026-06-16 | 0.628 | 1.202835 |
| 2026-05-20 | 0.605 | 1.191649 |
| 2026-04-22 | 0.612 | 1.205674 |
| 2026-03-18 | 0.571 | 1.214635 |
| 2026-02-18 | 0.602 | 1.198487 |
| 2026-01-21 | 0.608 | 1.198502 |
| 2025-12-24 | 0.599 | 1.205717 |
| 2025-11-26 | 0.573 | 1.172259 |
| 2025-10-22 | 0.590 | 1.218505 |
| 2025-09-24 | 0.587 | 1.212559 |
| 2025-08-20 | 0.562 | 1.213299 |
| 2025-07-23 | 0.562 | 1.203942 |
| 2025-06-25 | 0.557 | 1.241087 |
| 2025-05-21 | 0.553 | 1.266896 |
| 2025-04-23 | 0.498 | 1.198844 |
| 2025-03-26 | 0.569 | 1.267261 |
| 2025-02-26 | 0.583 | 1.237792 |
| 2025-01-22 | 0.609 | 1.220563 |
| 2024-12-24 | 0.611 | 1.233098 |
| 2024-11-20 | 0.634 | 1.216657 |
| 2024-10-23 | 0.624 | 1.232471 |
| 2024-09-25 | 0.623 | 1.231712 |
| 2024-08-21 | 0.658 | 1.313111 |
| 2024-07-24 | 0.602 | 1.168025 |
| 2024-06-26 | 0.545 | 1.103016 |
| Attribute | Value |
|---|---|
| All Time High | 53.86 |
| All Time Low | 38.0 |
| Ask | 0.0 |
| Ask Size | 1,100 |
| Average Daily Volume10 Day | 483,750 |
| Average Daily Volume3 Month | 373,501 |
| Average Volume | 373,501 |
| Average Volume10Days | 483,750 |
| Beta3 Year | 0.0 |
| Bid | 0.0 |
| Bid Size | 800 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 52.67 |
| Day Low | 52.105 |
| Dividend Yield | 3.26 |
| Eps Trailing Twelve Months | 2.82238 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 52.78126 |
| Fifty Day Average Change | -0.67126083 |
| Fifty Day Average Change Percent | -0.012717787 |
| Fifty Two Week Change Percent | 9.72836 |
| Fifty Two Week High | 53.86 |
| Fifty Two Week High Change | -1.75 |
| Fifty Two Week High Change Percent | -0.032491643 |
| Fifty Two Week Low | 45.64 |
| Fifty Two Week Low Change | 6.470001 |
| Fifty Two Week Low Change Percent | 0.14176165 |
| Fifty Two Week Range | 45.64 - 53.86 |
| First Trade Date Milliseconds | 1,719,322,200,000 |
| Full Exchange Name | Cboe US |
| Fullday Change | -0.040000916 |
| Fullday Change Percent | -0.07676245 |
| Fullday Price | 52.35 |
| Fund Family | Neos Funds |
| Fund Inception Date | 1,719,187,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively-managed ETF that seeks to achieve its investment objective by (i) investing in one or more ETFs that seeks to track the Russell 2000® Index, a portfolio of stocks that make up the Russell 2000® Index, or a combination thereof; and (ii) utilizing a call options strategy to provide high monthly income, which primarily consists of writing (selling) call options on the Russell 2000®. |
| Long Name | NEOS Russell 2000 High Income ETF |
| Market | us_market |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1878469489 |
| Nav Price | 52.5736 |
| Net Assets | 1,111,464,320.0 |
| Net Expense Ratio | 0.68 |
| Open | 52.52 |
| Phone | 9,144,435,008 |
| Post Market Change | 0.23999786 |
| Post Market Change Percent | 0.46056008 |
| Post Market Price | 52.35 |
| Post Market Time | 1,787,961,200 |
| Previous Close | 52.62 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.509998 |
| Regular Market Change Percent | -0.96921 |
| Regular Market Day High | 52.67 |
| Regular Market Day Low | 52.105 |
| Regular Market Day Range | 52.105 - 52.67 |
| Regular Market Open | 52.52 |
| Regular Market Previous Close | 52.62 |
| Regular Market Price | 52.11 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 404,503 |
| Short Name | NEOS Russell 2000 High Income E |
| Source Interval | 15 |
| Symbol | IWMI |
| Total Assets | 1,111,464,320 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 18.46314 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 5.23685 |
| Trailing Three Month Returns | 5.23685 |
| Triggerable | 1 |
| Two Hundred Day Average | 50.67018 |
| Two Hundred Day Average Change | 1.4398193 |
| Two Hundred Day Average Change Percent | 0.028415516 |
| Type Disp | ETF |
| Volume | 404,503 |
| Yield | 0.0326 |
| Ytd Return | 15.63812 |