Short Interest in NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Grows By 119.5%

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 204,904 shares, a growth of 119.5% from the May 31st total of 93,357 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 684,028 shares, the short-interest ratio is currently 0.3 days.

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

Shares of CSHI stock opened at $49.82 on Thursday. The company has a market capitalization of $1.40 billion, a P/E ratio of 23.90 and a beta of 0.01. 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 $49.93. The stock has a 50 day moving average price of $49.79 and a two-hundred day moving average price of $49.74.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in NEOS Enhanced Income 1-3 Month T-Bill ETF by 83.0% during the 4th quarter. NewEdge Advisors LLC now owns 131,896 shares of the company’s stock valued at $6,559,000 after buying an additional 59,829 shares during the period. FSA Advisors Inc. increased its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 24.3% in the fourth quarter. FSA Advisors Inc. now owns 110,263 shares of the company’s stock valued at $5,483,000 after acquiring an additional 21,547 shares during the period. Arax Advisory Partners raised its stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 6.1% during the fourth quarter. Arax Advisory Partners now owns 102,140 shares of the company’s stock valued at $5,054,000 after acquiring an additional 5,833 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 13.6% during the fourth quarter. CoreCap Advisors LLC now owns 20,996 shares of the company’s stock valued at $1,044,000 after acquiring an additional 2,514 shares during the last quarter. Finally, Carter Financial Group INC. boosted its holdings in shares of 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 worth $506,000 after purchasing an additional 727 shares during the period.

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.