NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Short Interest Update

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 137,592 shares, a drop of 56.1% from the August 31st total of 313,334 shares. Based on an average daily trading volume, of 1,000,175 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the shares of the stock are sold short.

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

Shares of NYSEARCA:CSHI remained flat at $49.70 during midday trading on Tuesday. The stock had a trading volume of 788,721 shares, compared to its average volume of 522,670. The company has a market capitalization of $1.88 billion, a PE ratio of 23.90 and a beta of 0.01. NEOS Enhanced Income 1-3 Month T-Bill ETF has a fifty-two week low of $49.55 and a fifty-two week high of $49.93. The firm has a fifty day simple moving average of $49.72 and a 200 day simple moving average of $49.76.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSHI. Arax Advisory Partners lifted its holdings 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 in the last quarter. CoreCap Advisors LLC increased its stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 10.9% during the 2nd quarter. CoreCap Advisors LLC now owns 25,920 shares of the company’s stock worth $1,291,000 after purchasing an additional 2,543 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF during the 2nd quarter worth approximately $561,000. Carter Financial Group INC. raised its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 7.7% during the 1st quarter. Carter Financial Group INC. now owns 10,159 shares of the company’s stock worth $506,000 after purchasing an additional 727 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its stake in 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 buying an additional 900 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.