NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Stock Price Up 0.1% – Should You Buy?

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) shares shot up 0.1% during trading on Wednesday . The stock traded as high as $49.71 and last traded at $49.71. 157,297 shares traded hands 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 Trading Up 0.1%

The firm’s 50 day simple moving average is $49.65 and its 200-day simple moving average is $49.73. The stock has a market capitalization of $874.40 million, a price-to-earnings ratio of 23.90 and a beta of 0.02.

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

Hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC raised its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 4.4% during the third quarter. CoreCap Advisors LLC now owns 18,482 shares of the company’s stock worth $919,000 after acquiring an additional 787 shares in the last quarter. Arax Advisory Partners boosted its position 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 valued at $5,054,000 after purchasing an additional 5,833 shares during the last quarter. Moloney Securities Asset Management LLC bought a new position in NEOS Enhanced Income 1-3 Month T-Bill ETF in the third quarter valued at approximately $317,000. Flagship Harbor Advisors LLC bought a new position in NEOS Enhanced Income 1-3 Month T-Bill ETF in the fourth quarter valued at approximately $379,000. Finally, Carter Financial Group INC. acquired a new position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF during the 2nd quarter worth approximately $476,000.

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.