Short Interest in NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Declines By 63.0%

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 93,357 shares, a decline of 63.0% from the May 14th total of 252,601 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 535,085 shares, the short-interest ratio is currently 0.2 days.

NEOS Enhanced Income 1-3 Month T-Bill ETF Trading Up 0.1%

CSHI traded up $0.03 during trading hours on Friday, hitting $49.69. 435,721 shares of the company’s stock were exchanged, compared to its average volume of 439,326. NEOS Enhanced Income 1-3 Month T-Bill ETF has a 12-month low of $49.55 and a 12-month high of $49.94. The firm has a 50 day moving average of $49.81 and a 200 day moving average of $49.74. The firm has a market cap of $1.09 billion, a P/E ratio of 23.90 and a beta of 0.01.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Nations Financial Group Inc. IA ADV increased its holdings 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 last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF in the 4th quarter valued at $379,000. Carter Financial Group INC. grew its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 7.7% in the 1st quarter. Carter Financial Group INC. now owns 10,159 shares of the company’s stock valued at $506,000 after buying an additional 727 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 13.6% in the 4th quarter. CoreCap Advisors LLC now owns 20,996 shares of the company’s stock valued at $1,044,000 after buying an additional 2,514 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 34.8% in the 3rd quarter. NewEdge Advisors LLC now owns 72,067 shares of the company’s stock valued at $3,583,000 after buying an additional 18,588 shares during the last quarter.

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.