NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Sees Strong Trading Volume – Time to Buy?

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) saw strong trading volume on Wednesday . 409,744 shares were traded during 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 Trading Down 0.4%

The stock’s fifty day moving average is $49.70 and its two-hundred day moving average is $49.73. The company has a market capitalization of $1.01 billion, a PE ratio of 23.90 and a beta of 0.02.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in CSHI. NewEdge Advisors LLC boosted its holdings in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 83.0% in 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. FSA Advisors Inc. boosted its holdings in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 24.3% in 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. Flagship Harbor Advisors LLC purchased a new position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF in the 4th quarter worth about $379,000. Moloney Securities Asset Management LLC purchased a new position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF in the 3rd quarter worth about $317,000. Finally, Arax Advisory Partners boosted its holdings in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 6.1% in 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.

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.