NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Sees Strong Trading Volume – Time to Buy?

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) shares saw an uptick in trading volume on Wednesday . Approximately 408,724 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 499,714 shares.The stock last traded at $49.5950 and had previously closed at $49.78.

NEOS Enhanced Income 1-3 Month T-Bill ETF Price Performance

The firm has a fifty day moving average of $49.77 and a 200 day moving average of $49.76. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 23.90 and a beta of 0.01.

Hedge Funds Weigh In On NEOS Enhanced Income 1-3 Month T-Bill ETF

A number of hedge funds have recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV increased its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 15.8% in the first quarter. Nations Financial Group Inc. IA ADV now owns 6,582 shares of the company’s stock valued at $328,000 after buying an additional 900 shares in the last quarter. Carter Financial Group INC. lifted its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 7.7% during the 1st quarter. Carter Financial Group INC. now owns 10,159 shares of the company’s stock valued at $506,000 after buying an additional 727 shares in the last quarter. Compass Financial Management LLC acquired a new stake in NEOS Enhanced Income 1-3 Month T-Bill ETF in the 2nd quarter valued at $561,000. CoreCap Advisors LLC grew its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 10.9% in the 2nd quarter. CoreCap Advisors LLC now owns 25,920 shares of the company’s stock valued at $1,291,000 after acquiring an additional 2,543 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 34.8% in the 3rd quarter. NewEdge Advisors LLC now owns 72,067 shares of the company’s stock worth $3,583,000 after acquiring an additional 18,588 shares in the last quarter.

NEOS Enhanced Income 1-3 Month T-Bill ETF Company Profile

The Neos Enhanced Income Cash Alternative ETF (CSHI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in a portfolio of US ultra-short term Treasury bills while utilizing a combined with a US large-cap put spread futures strategy. CSHI was launched on Aug 30, 2022 and is managed by Neos.