NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Sees Significant Decrease in Short Interest

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 109,001 shares, a decrease of 65.1% from the July 30th total of 312,742 shares. Based on an average daily volume of 637,688 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s stock are short sold.

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

Shares of NYSEARCA CSHI opened at $49.75 on Friday. The business has a 50-day moving average of $49.77 and a 200-day moving average of $49.75. The stock has a market capitalization of $1.54 billion, a price-to-earnings 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.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in NEOS Enhanced Income 1-3 Month T-Bill ETF by 34.8% during the third 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. FSA Advisors Inc. increased its position in NEOS Enhanced Income 1-3 Month T-Bill ETF by 24.3% during the fourth 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. Arax Advisory Partners raised its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 6.1% in the fourth quarter. Arax Advisory Partners now owns 102,140 shares of the company’s stock valued at $5,054,000 after buying an additional 5,833 shares during the period. Nations Financial Group Inc. IA ADV lifted 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 during the last quarter. Finally, Carter Financial Group INC. boosted its stake 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 worth $506,000 after acquiring an additional 727 shares during the period.

About NEOS Enhanced Income 1-3 Month T-Bill ETF

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.