NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Short Interest Update

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 93,357 shares, a decline of 63.0% from the May 14th total of 252,601 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 535,085 shares, the days-to-cover ratio is presently 0.2 days.

NEOS Enhanced Income 1-3 Month T-Bill ETF Trading Up 0.1%

Shares of NEOS Enhanced Income 1-3 Month T-Bill ETF stock traded up $0.03 during trading hours on Friday, reaching $49.69. 435,721 shares of the company’s stock were exchanged, compared to its average volume of 439,326. The company has a 50 day moving average of $49.81 and a two-hundred day moving average of $49.74. NEOS Enhanced Income 1-3 Month T-Bill ETF has a fifty-two week low of $49.55 and a fifty-two week high of $49.94. The stock has a market cap of $1.09 billion, a P/E ratio of 23.90 and a beta of 0.01.

Institutional Investors Weigh In On NEOS Enhanced Income 1-3 Month T-Bill ETF

Several hedge funds have recently modified their holdings of the company. Carter Financial Group INC. lifted its position in NEOS Enhanced Income 1-3 Month T-Bill ETF by 7.7% during the first quarter. Carter Financial Group INC. now owns 10,159 shares of the company’s stock valued at $506,000 after purchasing an additional 727 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 15.8% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 6,582 shares of the company’s stock worth $328,000 after purchasing an additional 900 shares during the period. CoreCap Advisors LLC increased its position in NEOS Enhanced Income 1-3 Month T-Bill ETF by 13.6% during the 4th quarter. CoreCap Advisors LLC now owns 20,996 shares of the company’s stock valued at $1,044,000 after purchasing an additional 2,514 shares during the period. Arax Advisory Partners increased its position in NEOS Enhanced Income 1-3 Month T-Bill ETF by 6.1% during the 4th quarter. Arax Advisory Partners now owns 102,140 shares of the company’s stock valued at $5,054,000 after purchasing an additional 5,833 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF in the 4th quarter valued at $379,000.

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.