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

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) saw strong trading volume on Wednesday . 151,056 shares changed hands during mid-day trading, a decline of 14% from the previous session’s volume of 174,741 shares.The stock last traded at $49.6850 and had previously closed at $49.84.

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

The firm has a market cap of $688.99 million, a PE ratio of 23.90 and a beta of 0.02. The firm has a 50-day simple moving average of $49.78 and a 200 day simple moving average of $49.78.

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

Several hedge funds have recently bought and sold shares of CSHI. Farther Finance Advisors LLC bought a new position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF during the second quarter valued at approximately $121,000. OLD Mission Capital LLC purchased a new stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF in the 1st quarter worth approximately $5,403,000. NewEdge Advisors LLC increased its position in NEOS Enhanced Income 1-3 Month T-Bill ETF by 161.2% during the 1st quarter. NewEdge Advisors LLC now owns 54,764 shares of the company’s stock valued at $2,718,000 after buying an additional 33,799 shares in the last quarter. FSA Advisors Inc. raised its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 343.4% during the second quarter. FSA Advisors Inc. now owns 70,165 shares of the company’s stock valued at $3,489,000 after buying an additional 54,341 shares during the last quarter. Finally, Moloney Securities Asset Management LLC purchased a new position in NEOS Enhanced Income 1-3 Month T-Bill ETF during the third quarter valued at $317,000.

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.