NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Shares Shorted: Short Interest Down 56.1% in September

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 137,592 shares, a decline of 56.1% from the August 31st total of 313,334 shares. Based on an average daily volume of 1,000,175 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the company’s stock are sold short.

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

NYSEARCA CSHI opened at $49.70 on Wednesday. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 23.90 and a beta of 0.01. The business has a 50 day simple moving average of $49.72 and a 200 day simple moving average of $49.76. NEOS Enhanced Income 1-3 Month T-Bill ETF has a 52-week low of $49.55 and a 52-week high of $49.93.

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

Large investors have recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV raised its stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 15.8% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 6,582 shares of the company’s stock valued at $328,000 after purchasing an additional 900 shares during the period. Carter Financial Group INC. raised its position in NEOS Enhanced Income 1-3 Month T-Bill ETF by 7.7% in 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 during the last quarter. Compass Financial Management LLC bought a new stake in NEOS Enhanced Income 1-3 Month T-Bill ETF in the 2nd quarter valued at approximately $561,000. CoreCap Advisors LLC boosted its position in NEOS Enhanced Income 1-3 Month T-Bill ETF by 10.9% during the 2nd quarter. CoreCap Advisors LLC now owns 25,920 shares of the company’s stock worth $1,291,000 after acquiring an additional 2,543 shares during the last quarter. Finally, Arax Advisory Partners grew its stake in shares of 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 acquiring an additional 5,833 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.