NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Short Interest Down 65.1% in August

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 109,001 shares, a decline of 65.1% from the July 30th total of 312,742 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 637,688 shares, the short-interest ratio is currently 0.2 days.

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

CSHI stock traded up $0.01 during midday trading on Friday, reaching $49.75. 528,519 shares of the company’s stock traded hands, compared to its average volume of 482,985. NEOS Enhanced Income 1-3 Month T-Bill ETF has a 52 week low of $49.55 and a 52 week high of $49.93. The firm has a market capitalization of $1.54 billion, a PE ratio of 23.90 and a beta of 0.01. The company has a 50-day moving average price of $49.77 and a two-hundred day moving average price of $49.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV grew its holdings in shares of 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 worth $328,000 after acquiring an additional 900 shares during the period. Carter Financial Group INC. raised its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 7.7% in the first quarter. Carter Financial Group INC. now owns 10,159 shares of the company’s stock worth $506,000 after buying an additional 727 shares during the last quarter. Compass Financial Management LLC bought a new position in NEOS Enhanced Income 1-3 Month T-Bill ETF in the 2nd quarter valued at approximately $561,000. CoreCap Advisors LLC lifted its holdings in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 10.9% during the second 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 in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 34.8% during the 3rd 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 during the period.

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.