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

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) saw a significant decline in short interest in 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. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 1,000,175 shares, the short-interest ratio is presently 0.1 days.

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

A number of large investors have recently bought and sold shares of the company. 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. CoreCap Advisors LLC lifted its position 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 in the last quarter. Compass Financial Management LLC bought a new stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF in the second quarter worth $561,000. Carter Financial Group INC. lifted its position 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 in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 15.8% during the first quarter. Nations Financial Group Inc. IA ADV now owns 6,582 shares of the company’s stock worth $328,000 after purchasing an additional 900 shares during the last quarter.

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

Shares of CSHI stock remained flat at $49.70 on Monday. The stock had a trading volume of 871,797 shares, compared to its average volume of 521,223. The stock has a market cap of $1.88 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 52 week low of $49.55 and a 52 week high of $49.93. The business has a fifty day moving average of $49.73 and a 200-day moving average of $49.76.

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.