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

Shares of NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) saw unusually-high trading volume on Wednesday . 408,724 shares were traded during trading, a decline of 18% from the previous session’s volume of 499,714 shares.The stock last traded at $49.5950 and had previously closed at $49.78.

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

The company has a market cap of $1.53 billion, a PE ratio of 23.90 and a beta of 0.01. The business’s 50 day moving average is $49.76 and its two-hundred day moving average is $49.76.

Institutional Investors Weigh In On NEOS Enhanced Income 1-3 Month T-Bill ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CSHI. NewEdge Advisors LLC lifted its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 34.8% in the third quarter. NewEdge Advisors LLC now owns 72,067 shares of the company’s stock valued at $3,583,000 after acquiring an additional 18,588 shares in the last quarter. Arax Advisory Partners grew its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 6.1% during 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 in the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of 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 in the last quarter. Carter Financial Group INC. raised its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 7.7% during the 1st quarter. Carter Financial Group INC. now owns 10,159 shares of the company’s stock valued at $506,000 after purchasing an additional 727 shares during the period. Finally, CoreCap Advisors LLC raised its stake 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 valued at $1,291,000 after purchasing an additional 2,543 shares during the period.

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.