IWMI
NEOS Russell 2000 High Income ETF·Financial Services
49.51
0.091%(−0.04)
Market ClosedLast Updated: — ET
52W L: $40.1352W H: $51.47
NEOS Russell 2000 High Income ETF·Financial Services
Market Peers
Covered call ETFs offer attractive monthly yields, often exceeding 10%, appealing to income-focused investors. Most top covered call ETFs are heavily concentrated in large-cap growth, specifically S&P 500 and Nasdaq-100 exposures. This concentration introduces significant risk, as these ETFs exhibit strong performance correlations and similar downside profiles.
NEOS Investments' high-income ETFs deliver monthly distributions with tax efficiency, leveraging section 1256 options for enhanced yields and lower tax burdens. QQQI, SPYI, and other NEOS equity funds offer yields up to 14.6%, with most distributions classified as return of capital, supporting both income and portfolio diversification. Recent NEOS launches in alternatives—BTCI, NEHI, IAUI, MLPI—expand high-yield, tax-advantaged opportunities, though volatility and distribution variability warrant careful allocation.
NEOS Russell 2000 High Income ETF shifts to Hold as small cap risks rise and upside catalysts wane. IWMI's structure prioritizes upside capture over premium income, making it less effective if small caps stay rangebound or correct. Current option coverage is only 50-60% of holdings, limiting income generation and closely tying returns to Russell 2000 performance.
NEOS Russell 2000 High Income ETF (NYSEARCA:IWMI - Get Free Report)'s share price traded down 1.4% during mid-day trading on Tuesday. The stock traded as low as $48.60 and last traded at $49.58. 476,933 shares traded hands during mid-day trading, an increase of 19% from the average session volume of 400,359 shares. The stock
On this episode of the “ETF of the Week” podcast, VettaFi's Head of Research Todd Rosenbluth discussed the NEOS Russell 2000 High Income ETF (IWMI) with Chuck Jaffe of Money Life. The pair discussed several topics related to the fund to give investors a deeper understanding of the ETF.
VettaFi's Head of Research Todd Rosenbluth discussed the NEOS Russell 2000 High Income ETF (IWMI) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information, and analysis visit the Tax Efficient Income Content Hub.