NEOS S&P 500 High Income ETF

SPYI

Market cap $5.07B

Overview Fund Activity

52.22 USD

+0.02

0.04%

At close Updated Sep 12, 4:00 PM EDT

Pre-market

After hours

52.26

+0.04

0.08%

1 day

0.04%

5 days

1.03%

1 month

1.08%

3 months

4.5%

6 months

8.3%

Year to date

2.88%

1 year

3.2%

5 years

6.29%

10 years

6.29%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

247% more repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 34

232% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 19

34% more capital invested

Capital invested by funds: $438M [Q1] → $588M (+$150M) [Q2]

22% more funds holding

Funds holding: 190 [Q1] → 232 (+42) [Q2]

20% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 6 (+1) [Q2]

0.17% more ownership

Funds ownership: 14.26% [Q1] → 14.43% (+0.17%) [Q2]

51% less call options, than puts

Call options by funds: $2.77M | Put options by funds: $5.62M

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Financial journalist opinion

Based on 5 articles about SPYI published over the past 30 days

NEOS' Flagship Options Income ETFs Cross 3 Years

NEOS Investments launched its first trio of options income ETFs August 30, 2022. Three years later, the NEOS S&P 500 High Income ETF (SPYI), the NEOS Enhanced Income 1-3 Month T-Bill ETF (CSHI), and the NEOS Enhanced Income Aggregate Bond ETF (BNDI) boast a collective AUM of $5.7 billion.

NEOS' Flagship Options Income ETFs Cross 3 Years

Dividend Harvesting Portfolio Week 234: $23,400 Allocated, $2,493.46 In Projected Dividends

Fed Chair Powell's Jackson Hole remarks signal a likely September rate cut, boosting my bullish outlook for equities and income-generating assets. My Dividend Harvesting Portfolio hit all-time highs, delivering a 32.66% return on invested capital and an 8.03% forward yield. Weekly capital allocation and reinvestment of dividends are compounding income, with forward dividend income projected to surpass $2,650 by year-end.

Dividend Harvesting Portfolio Week 234: $23,400 Allocated, $2,493.46 In Projected Dividends

NEOS Investments Announces August 2025 ETF Suite Distributions

WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces August monthly distribution amounts for their suite of ETFs that pursue monthly income and tax efficiency across core portfolio exposures. ETF distribution information as of the August 2025 Ex-Div Date (8/20/2025) Distribution Rate* Amount / Share (%) Amount / Share ($) Distribution Frequency 30-Day SEC Yield** Bitcoin High Income ETF (BTCI).

NEOS Investments Announces August 2025 ETF Suite Distributions

Dividend Harvesting Portfolio Week 233: $23,300 Allocated, $2,478.50 In Projected Dividends

Dividend Harvesting Portfolio Week 233: $23,300 Allocated, $2,478.50 In Projected Dividends

Dividend Harvesting Portfolio Week 233: $23,300 Allocated, $2,478.50 In Projected Dividends

Covered Call ETFs SPYI & GPIX Upside + Downside

Analyst Jack Bowman dives into SPYI and GPIX, innovative covered call ETFs offering high yields (8-12%) by actively managing call strategies to capture more upside than traditional funds. ETF structure provides cost and risk advantages over retail options trading.

Covered Call ETFs SPYI & GPIX Upside + Downside

Dividend Harvesting Portfolio Week 232: $23,200 Allocated, $2,467.76 In Projected Dividends

The Dividend Harvesting Portfolio rebounded strongly, with profitability up 8.06% and total dividend income now at 19.77% of invested capital. I remain bullish on the S&P 500 reaching 7,000 this year, driven by strong corporate earnings, AI productivity, and a likely lower rate environment. Recent additions to the portfolio—BMY, SLB, and AGNC—reflect my focus on undervalued, high-yield opportunities poised to benefit from rate cuts.

Dividend Harvesting Portfolio Week 232: $23,200 Allocated, $2,467.76 In Projected Dividends

SPYI's Rough Edges And A Golden Fix

I maintain my Buy rating on SPYI for its drawdown protection and income, but highlight its yield sustainability limitations in flat or bearish markets. Combining SPYI with GLDI (gold-based option income ETF) in a 50:50 split smooths drawdowns and enhances risk management, though not perfectly. The combined portfolio maintains overall yield but introduces more payout volatility; I accept this tradeoff for better capital stability.

SPYI's Rough Edges And A Golden Fix

SPYI Vs. QYLD: Why I Prefer S&P 500-Based Covered-Call ETFs

Recent divergence between SPYI and QYLD calls for a revelation of their valuation risks. I see a few factors that can support SPYI's outperformance relative to QYLD going forward. The top ones include the implied volatility and valuation dynamics between the S&P 500 and NASDAQ indices.

SPYI Vs. QYLD: Why I Prefer S&P 500-Based Covered-Call ETFs

SPYI: Recent Performance Shows Why This ETF Is Becoming The Gold Standard

SPYI's innovative covered-call strategy consistently outperforms peers by capturing more S&P 500 upside while maintaining similar downside risk. The fund's approach—selling out-of-the-money calls and selectively buying calls—delivers solid income and total returns, even during volatile markets. SPYI maintained stable monthly distributions through recent market sell-offs, proving its resilience and commitment to consistent payouts.

SPYI: Recent Performance Shows Why This ETF Is Becoming The Gold Standard

SPYI: Sacrificing Long-Term Gains For Short-Term Income Defeats The Purpose

SPYI's extra yield comes at the cost of holding both equity risk and limited price appreciation, making it unattractive for long-term investors seeking material total returns. A 50/50 mix of S&P 500 equities and high-yielding corporate bonds has historically matched SPYI's total return, while taking on less capital risk. SPYI's structure exposes investors to significant drawdowns in bear markets, while management fees and option expenses/limitations further erode returns.

SPYI: Sacrificing Long-Term Gains For Short-Term Income Defeats The Purpose

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