NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI – Get Free Report) saw a significant decline in short interest in 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 shares of the company are sold short. Based on an average daily volume of 535,085 shares, the days-to-cover ratio is presently 0.2 days.
Hedge Funds Weigh In On NEOS Enhanced Income 1-3 Month T-Bill ETF
Hedge funds have recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV grew its position in shares of 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 purchasing an additional 900 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in NEOS Enhanced Income 1-3 Month T-Bill ETF during the fourth quarter valued at $379,000. Carter Financial Group INC. boosted its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 7.7% during the first 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 period. CoreCap Advisors LLC boosted its stake in 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 valued at $1,044,000 after buying an additional 2,514 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 34.8% during the third 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 period.
NEOS Enhanced Income 1-3 Month T-Bill ETF Trading Up 0.1%
Shares of NYSEARCA CSHI traded up $0.03 during mid-day trading on Friday, hitting $49.69. The company had a trading volume of 435,721 shares, compared to its average volume of 439,326. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 23.90 and a beta of 0.01. NEOS Enhanced Income 1-3 Month T-Bill ETF has a 1 year low of $49.55 and a 1 year high of $49.94. The stock’s 50-day moving average price is $49.81 and its 200-day moving average price is $49.74.
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.
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