NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Sees Large Increase in Short Interest

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 304,718 shares, a growth of 121.5% from the September 15th total of 137,592 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 679,595 shares, the days-to-cover ratio is presently 0.4 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV raised its position 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 acquiring an additional 900 shares during the period. Carter Financial Group INC. increased 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 acquiring an additional 727 shares in the last quarter. Compass Financial Management LLC bought a new stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF during the second quarter worth $561,000. CoreCap Advisors LLC raised 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 worth $1,291,000 after acquiring an additional 2,543 shares during the period. Finally, Arax Advisory Partners raised its holdings 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 acquiring an additional 5,833 shares during the period.

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

NYSEARCA:CSHI opened at $49.80 on Tuesday. The stock’s fifty day moving average price is $49.72 and its two-hundred day moving average price is $49.77. The company has a market cap of $1.94 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 52-week low of $49.55 and a 52-week high of $49.93.

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.