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

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 304,718 shares, an increase of 121.5% from the September 15th total of 137,592 shares. Based on an average daily volume of 679,595 shares, the short-interest ratio is currently 0.4 days. Approximately 0.8% of the shares of the stock are sold short.

NEOS Enhanced Income 1-3 Month T-Bill ETF Trading Up 0.0%

NYSEARCA CSHI traded up $0.01 on Thursday, hitting $49.60. 354,211 shares of the company’s stock were exchanged, compared to its average volume of 542,079. The stock has a 50-day moving average of $49.72 and a 200-day moving average of $49.77. 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 stock has a market cap of $1.96 billion, a price-to-earnings ratio of 23.90 and a beta of 0.01.

Hedge Funds Weigh In On NEOS Enhanced Income 1-3 Month T-Bill ETF

Several hedge funds and other institutional investors have recently modified their holdings of CSHI. CoreCap Advisors LLC lifted its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 6.7% during the 3rd quarter. CoreCap Advisors LLC now owns 27,664 shares of the company’s stock worth $1,375,000 after buying an additional 1,744 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 second quarter valued at about $561,000. Carter Financial Group INC. grew its position 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 valued at $506,000 after acquiring an additional 727 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in NEOS Enhanced Income 1-3 Month T-Bill ETF by 15.8% in the first 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. Finally, Arax Advisory Partners raised its stake in 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 in 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.