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SPYI Stock Summary and Trading Ideas (SHP ETF Trust Neos S&P 500 High Income ETF | BATS:SPYI)

Charts for Today's Stock Price and Implied Volatility in SHP ETF Trust Neos S&P 500 High Income ETF

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30-Day Implied Volatility | IV30 Full Chart

Trade Ideas for Best Option Strategies for SPYI by Theoretical Edge and Win Rates

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SHP ETF Trust Neos S&P 500 High Income ETF (SPYI) Frequently Asked Questions

What does SHP ETF Trust Neos S&P 500 High Income ETF do?

The Fund seeks to distribute high monthly income generated from investing in the constituents of the S&P 500 Index and implementing a data-driven call option strategy. Actively managed by NEOS, the Fund seeks to take advantage of tax loss harvesting opportunities in addition to utilizing SPX Index options classified as section 1256 contracts, which are subject to lower 60/40 tax rates. The Fund utilizes a call option strategy that may include both sold and purchased SPX index options, which may provide the opportunity for upside capture in rising equity markets

What symbol and exchange does SHP ETF Trust Neos S&P 500 High Income ETF stock trade?

SHP ETF Trust Neos S&P 500 High Income ETF trades on the BATS stock market under the symbol SPYI.

What is SHP ETF Trust Neos S&P 500 High Income ETF stock price doing today?

As of May 8, 2024, SPYI stock price climbed to $49.32 with 311,778 million shares trading.

What is SHP ETF Trust Neos S&P 500 High Income ETF's Beta?

SPYI has a beta of 0.74, meaning it tends to be less sensitive to market movements. SPYI has a correlation of 0.93 to the broad based SPY ETF.

How much is SHP ETF Trust Neos S&P 500 High Income ETF worth?

SPYI has a market cap of $1.22 billion. This is considered a Small Cap stock.

Is SHP ETF Trust Neos S&P 500 High Income ETF (SPYI) a good investment?

SPYI has underperformed the market in the last year with a return of +15.0%, while the SPY ETF gained +27.0%. In the last 3 month period, SPYI fell short of the market, returning +2.5%, while SPY returned +4.2%. However, in the most recent 2 weeks SPYI has outperformed the stock market by returning +2.7%, while SPY returned +2.3%.

What is the support and resistance for SHP ETF Trust Neos S&P 500 High Income ETF (SPYI) stock price?

SPYI support price is $48.87 and resistance is $49.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPYI stock will trade within this expected range on the day.