Short Interest in NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Rises By 187.5%

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 313,334 shares, an increase of 187.5% from the August 15th total of 109,001 shares. Based on an average daily volume of 658,665 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.0% of the shares of the company are short sold.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV boosted its holdings in 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. increased its holdings in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 7.7% in 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. Compass Financial Management LLC bought a new position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF in the second quarter worth $561,000. CoreCap Advisors LLC increased its holdings in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 10.9% in the second quarter. CoreCap Advisors LLC now owns 25,920 shares of the company’s stock worth $1,291,000 after purchasing an additional 2,543 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 34.8% in the third quarter. NewEdge Advisors LLC now owns 72,067 shares of the company’s stock worth $3,583,000 after buying an additional 18,588 shares in the last quarter.

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

Shares of CSHI traded down $0.01 during midday trading on Monday, hitting $49.62. 459,142 shares of the company traded hands, compared to its average volume of 513,265. NEOS Enhanced Income 1-3 Month T-Bill ETF has a one year low of $49.55 and a one year high of $49.93. The firm has a market cap of $1.53 billion, a P/E ratio of 23.90 and a beta of 0.01. The stock has a 50-day moving average of $49.76 and a 200-day moving average of $49.76.

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.