(IWMI) NEOS Russell 2000 High - Ratings and Ratios

The NEOS Russell 2000 High Income ETF (IWMI) is an actively managed exchange-traded fund designed to generate high monthly income through a dual strategy. The fund primarily invests in one or more ETFs that track the Russell 2000® Index, which represents the performance of approximately 2,000 small-cap U.S. companies. Additionally, IWMI employs a call options strategy, predominantly writing (selling) call options on the Russell 2000® Index, to enhance income generation. This approach aims to balance income distribution with exposure to small-cap equities, providing investors with a unique combination of equity participation and regular income streams.

From a technical standpoint, IWMI is currently trading below its 20-day and 50-day simple moving averages (SMA), which are 48.20 and 48.30, respectively. The 200-day SMA of 47.96 suggests that the fund has been range-bound over the longer term. The Average True Range (ATR) of 0.71 indicates relatively low volatility, which may appeal to income-focused investors seeking stability. The funds average daily trading volume of 89,664 shares over the past 20 days reflects moderate liquidity.

Over the next three months, IWMI is expected to face headwinds as it currently trades below its key moving averages. The 20-day SMA of 48.20 and 50-day SMA of 48.30 may act as resistance levels, potentially capping upside momentum. However, the funds low ATR of 0.71 suggests that it may maintain its price range, making it a viable option for investors seeking predictable income. The covered call strategy could continue to deliver consistent monthly distributions, supported by the funds assets under management (AUM) of $159.24 million, which provides sufficient scale to execute its investment strategy effectively.