NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Sees Unusually-High Trading Volume – Here’s What Happened

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) shares saw unusually-strong trading volume on Wednesday . Approximately 409,744 shares were traded during mid-day trading, an increase of 22% from the previous session’s volume of 336,880 shares.The stock last traded at $49.74 and had previously closed at $49.92.

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

The company has a market capitalization of $1.02 billion, a PE ratio of 23.90 and a beta of 0.02. The stock has a fifty day simple moving average of $49.70 and a 200-day simple moving average of $49.73.

Institutional Trading of NEOS Enhanced Income 1-3 Month T-Bill ETF

A number of institutional investors have recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV lifted 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 buying an additional 900 shares during the last quarter. NewEdge Advisors LLC lifted its holdings 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 worth $6,559,000 after buying an additional 59,829 shares during the last quarter. Arax Advisory Partners lifted its holdings 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 worth $5,054,000 after buying an additional 5,833 shares during the last quarter. FSA Advisors Inc. lifted its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 24.3% during the 4th quarter. FSA Advisors Inc. now owns 110,263 shares of the company’s stock worth $5,483,000 after buying an additional 21,547 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in NEOS Enhanced Income 1-3 Month T-Bill ETF during the 4th quarter worth about $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.