NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Trading Up 0.1% – Here’s Why

Shares of NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) traded up 0.1% on Wednesday . The company traded as high as $49.71 and last traded at $49.71. 157,297 shares were traded during trading, a decline of 51% from the average session volume of 321,642 shares. The stock had previously closed at $49.67.

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

The firm has a fifty day simple moving average of $49.65 and a 200-day simple moving average of $49.73. The firm has a market cap of $874.40 million, a price-to-earnings ratio of 23.90 and a beta of 0.02.

Institutional Trading of NEOS Enhanced Income 1-3 Month T-Bill ETF

Several hedge funds and other institutional investors have recently modified their holdings of CSHI. FSA Advisors Inc. grew its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 26.4% in the 3rd quarter. FSA Advisors Inc. now owns 88,716 shares of the company’s stock valued at $4,411,000 after buying an additional 18,551 shares during the last quarter. NewEdge Advisors LLC boosted 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 worth $6,559,000 after acquiring an additional 59,829 shares during the period. Arax Advisory Partners grew its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 6.1% in the fourth quarter. Arax Advisory Partners now owns 102,140 shares of the company’s stock valued at $5,054,000 after purchasing an additional 5,833 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF in the fourth quarter valued at approximately $379,000. Finally, CoreCap Advisors LLC increased its stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 13.6% during the fourth quarter. CoreCap Advisors LLC now owns 20,996 shares of the company’s stock worth $1,044,000 after purchasing an additional 2,514 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.