NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Short Interest Update

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 204,904 shares, a growth of 119.5% from the May 31st total of 93,357 shares. Based on an average daily volume of 684,028 shares, the short-interest ratio is presently 0.3 days. Approximately 0.9% of the shares of the stock are sold short.

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

Several institutional investors have recently added to or reduced their stakes in CSHI. Nations Financial Group Inc. IA ADV boosted its holdings 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 last quarter. Flagship Harbor Advisors LLC purchased a new stake in NEOS Enhanced Income 1-3 Month T-Bill ETF during the fourth quarter valued at about $379,000. Carter Financial Group INC. grew its position in 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 valued at $506,000 after acquiring an additional 727 shares during the period. CoreCap Advisors LLC increased its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 13.6% during the fourth quarter. CoreCap Advisors LLC now owns 20,996 shares of the company’s stock worth $1,044,000 after acquiring an additional 2,514 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 34.8% during the third quarter. NewEdge Advisors LLC now owns 72,067 shares of the company’s stock worth $3,583,000 after acquiring an additional 18,588 shares during the last quarter.

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

CSHI traded up $0.01 during midday trading on Wednesday, reaching $49.82. 634,567 shares of the company’s stock were exchanged, compared to its average volume of 449,576. NEOS Enhanced Income 1-3 Month T-Bill ETF has a 1-year low of $49.55 and a 1-year high of $49.93. The stock has a market capitalization of $1.10 billion, a PE ratio of 23.90 and a beta of 0.01. The business’s 50-day moving average price is $49.79 and its 200 day moving average price is $49.74.

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.