Neos S&P 500 Hedged Equity Income ETF logo

Neos S&P 500 Hedged Equity Income ETF (SPYH)

Market Closed
27 Jul, 20:00
BATS BATS
$
55. 57
+0.02
+0.0292%
$
9.98M Market Cap
4.22% Div Yield
10,524 Volume
$ 55.55
Previous Close
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Day Range
55.47 56.07
Year Range
51.56 56.67
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SPYH: There's No Such Thing As Income Without Risk

SPYH: There's No Such Thing As Income Without Risk

NEOS S&P 500 Hedged Equity Income ETF is rated Sell due to structural limitations in sustaining yield and downside protection. SPYH's collar option strategy rarely activates downside protection while consistently capping upside and income potential versus alternatives. Recent option trades indicate a fine line for maintaining yield, which may lead to future distribution cuts and NAV erosion.

Seekingalpha | 6 months ago