NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Trading 0% Higher – Here’s Why

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) shares were up 0% during mid-day trading on Tuesday . The stock traded as high as $49.75 and last traded at $49.73. 460,712 shares were traded during trading, a decline of 1% from the average session volume of 463,404 shares. The stock had previously closed at $49.71.

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

The firm has a market capitalization of $1.48 billion, a P/E ratio of 23.90 and a beta of 0.01. The company has a 50-day simple moving average of $49.78 and a two-hundred day simple moving average of $49.74.

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

A number of institutional investors and hedge funds have recently modified their holdings of CSHI. CoreCap Advisors LLC boosted 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 buying an additional 2,543 shares during the last quarter. Carter Financial Group INC. grew its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 7.7% during 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. Nations Financial Group Inc. IA ADV grew its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 15.8% during the 1st 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 in the last quarter. NewEdge Advisors LLC grew its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 83.0% during the fourth quarter. NewEdge Advisors LLC now owns 131,896 shares of the company’s stock valued at $6,559,000 after acquiring an additional 59,829 shares in the last quarter. Finally, Arax Advisory Partners increased its holdings in shares of 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 worth $5,054,000 after purchasing 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.