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

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was the recipient of a significant increase in short interest during 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. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 658,665 shares, the short-interest ratio is currently 0.5 days.

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

Shares of CSHI opened at $49.63 on Friday. The firm has a market capitalization of $1.53 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 1-year low of $49.55 and a 1-year high of $49.93. The company has a 50-day moving average of $49.76 and a 200 day moving average of $49.76.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CSHI. NewEdge Advisors LLC grew its holdings in shares of 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 buying an additional 59,829 shares during the last quarter. Compass Financial Management LLC purchased a new position in NEOS Enhanced Income 1-3 Month T-Bill ETF in the 2nd quarter worth $561,000. Arax Advisory Partners lifted its position in 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 during the period. CoreCap Advisors LLC lifted its position in NEOS Enhanced Income 1-3 Month T-Bill ETF by 10.9% during the 2nd quarter. CoreCap Advisors LLC now owns 25,920 shares of the company’s stock worth $1,291,000 after acquiring an additional 2,543 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its stake 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 purchasing an additional 900 shares during the last quarter.

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.