NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Stock Short Interest Climbs 121.5%

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) saw a large increase in short interest during the month of 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 presently 0.4 days. Currently, 0.8% of the shares of the company are sold short.

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

NEOS Enhanced Income 1-3 Month T-Bill ETF stock traded down $0.19 during midday trading on Wednesday, reaching $49.60. 1,676,906 shares of the stock were exchanged, compared to its average volume of 543,884. The firm has a market cap of $1.96 billion, a PE ratio of 23.90 and a beta of 0.01. 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 company’s fifty day moving average is $49.72 and its 200-day moving average is $49.77.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Arax Advisory Partners boosted its holdings in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 6.1% during the 4th quarter. Arax Advisory Partners now owns 102,140 shares of the company’s stock valued at $5,054,000 after acquiring an additional 5,833 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 6.7% in 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 in the last quarter. Compass Financial Management LLC purchased a new position in NEOS Enhanced Income 1-3 Month T-Bill ETF during the second quarter worth $561,000. Carter Financial Group INC. increased its stake 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 worth $506,000 after purchasing an additional 727 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised 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 purchasing an additional 900 shares in the last quarter.

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.