NEOS Real Estate High Income ET (IYRI)Derivative Income | Exchange Traded Fund | Cboe US
49.80 USD
+0.20
(0.403%)
⇧
(July 13, 2026, 4 p.m.
EDT)
After hours: 50.40 +0.60 (1.205%) ⇧ (July 13, 2026, 7:49 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 2:36 a.m. EDT
This instrument is a pure-play income vehicle rather than a traditional equity investment. The 3.28% yield is attractive but comes with a caveat: the distribution history shows a clear downward trend, dropping from roughly $0.51 per payment in early 2025 to $0.44-0.45 recently. This suggests the underlying assets may be generating less cash flow, forcing the fund to cut payouts to maintain the yield percentage. While the recent price action is flat, hovering near the 50-day average, the options market is telling a different story, with heavy call positioning betting on a breakout above $50. However, this optimism ignores the fundamental reality that the 'yield' is shrinking. For a long-term holder, the compounding effect of falling distributions will likely drag down total returns despite the high headline yield. It fits a tactical income portfolio for now, but the structural decline in payouts makes it unsuitable as a core holding. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.006946 |
| MSTL | 0.007190 |
| AutoTheta | 0.007328 |
| AutoARIMA | 0.007774 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 61% |
| H-stat | 2.17 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.046 |
| Excess Kurtosis | 0.09 |
| Attribute | Value |
|---|---|
| Trailing P/E | 28.74 |
As of July 11, 2026, 2:36 a.m. EDT: Speculators are overwhelmingly bullish on the near term, with open interest heavily skewed toward out-of-the-money calls (92-97%) across July, August, and December expirations. The July and August call chains show significant volume and open interest at the $49 and $50 strikes, suggesting a bet on a move above current levels. Conversely, put activity is sparse and concentrated at lower strikes ($46-$48), indicating limited hedging demand against a drop. Implied volatility is elevated for near-term calls relative to puts, reinforcing a directional bias toward upside.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.91% | 10.94% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-16 | 0.449 | 0.910197 |
| 2026-05-20 | 0.441 | 0.895431 |
| 2026-04-22 | 0.451 | 0.918627 |
| 2026-03-18 | 0.443 | 0.915857 |
| 2026-02-18 | 0.455 | 0.907097 |
| 2026-01-21 | 0.451 | 0.913880 |
| 2025-12-24 | 0.440 | 0.899428 |
| 2025-11-26 | 0.446 | 0.894684 |
| 2025-10-22 | 0.464 | 0.915910 |
| 2025-09-24 | 0.464 | 0.929860 |
| 2025-08-20 | 0.457 | 0.915832 |
| 2025-07-23 | 0.470 | 0.923924 |
| 2025-06-25 | 0.466 | 0.937626 |
| 2025-05-21 | 0.482 | 0.983673 |
| 2025-04-23 | 0.482 | 0.986290 |
| 2025-03-26 | 0.514 | 1.017620 |
| 2025-02-26 | 0.509 | 0.983195 |
| 2025-01-22 | 0.500 | 0.987069 |
| Attribute | Value |
|---|---|
| All Time High | 52.49 |
| All Time Low | 43.743 |
| Ask | 0.0 |
| Ask Size | 400 |
| Average Daily Volume10 Day | 72,030 |
| Average Daily Volume3 Month | 75,165 |
| Average Volume | 75,165 |
| Average Volume10Days | 72,030 |
| Beta3 Year | 0.0 |
| Bid | 0.0 |
| Bid Size | 100 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 49.9499 |
| Day Low | 49.61 |
| Dividend Yield | 3.28 |
| Eps Trailing Twelve Months | 1.7326193 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 49.2696 |
| Fifty Day Average Change | 0.5303993 |
| Fifty Day Average Change Percent | 0.010765245 |
| Fifty Two Week Change Percent | -1.9762874 |
| Fifty Two Week High | 51.25 |
| Fifty Two Week High Change | -1.4500008 |
| Fifty Two Week High Change Percent | -0.028292697 |
| Fifty Two Week Low | 46.29 |
| Fifty Two Week Low Change | 3.5099983 |
| Fifty Two Week Low Change Percent | 0.07582627 |
| Fifty Two Week Range | 46.29 - 51.25 |
| First Trade Date Milliseconds | 1,736,951,400,000 |
| Full Exchange Name | Cboe US |
| Fund Family | Neos Funds |
| Fund Inception Date | 1,736,812,800 |
| 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, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in securities of real estate companies, which the managers define as those companies included in the Dow Jones U.S. Real Estate Capped Index (the “Index”); and (ii) utilizing a call options strategy to provide high monthly income, which primarily consists of writing (selling) call options on one or more ETFs that seek to track the index. The fund is non-diversified. |
| Market | us_market |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1901846770 |
| Nav Price | 49.3893 |
| Net Assets | 285,089,440.0 |
| Net Expense Ratio | 0.68 |
| Open | 49.7 |
| Phone | 9,144,435,008 |
| Post Market Change | 0.6000023 |
| Post Market Change Percent | 1.2048239 |
| Post Market Price | 50.4 |
| Post Market Time | 1,783,986,563 |
| Previous Close | 49.6 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.200001 |
| Regular Market Change Percent | 0.403227 |
| Regular Market Day High | 49.9499 |
| Regular Market Day Low | 49.61 |
| Regular Market Day Range | 49.61 - 49.9499 |
| Regular Market Open | 49.7 |
| Regular Market Previous Close | 49.6 |
| Regular Market Price | 49.8 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 61,083 |
| Short Name | NEOS Real Estate High Income ET |
| Source Interval | 15 |
| Symbol | IYRI |
| Total Assets | 285,089,440 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 28.742609 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 6.69935 |
| Trailing Three Month Returns | 6.69935 |
| Triggerable | 1 |
| Two Hundred Day Average | 49.3502 |
| Two Hundred Day Average Change | 0.44979858 |
| Two Hundred Day Average Change Percent | 0.009114423 |
| Type Disp | ETF |
| Volume | 61,083 |
| Yield | 0.0328 |
| Ytd Return | 6.62295 |