NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Shares Down 0.4% – Here’s Why

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was down 0.4% during trading on Wednesday . The company traded as low as $49.57 and last traded at $49.59. Approximately 403,765 shares changed hands during trading, an increase of 19% from the average daily volume of 338,829 shares. The stock had previously closed at $49.77.

NEOS Enhanced Income 1-3 Month T-Bill ETF Stock Down 0.4%

The business has a 50-day simple moving average of $49.77 and a 200-day simple moving average of $49.77. The stock has a market cap of $830.14 million, a P/E ratio of 23.90 and a beta of 0.02.

NEOS Enhanced Income 1-3 Month T-Bill ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, January 14th will be given a $0.1991 dividend. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 14th.

Institutional Trading of NEOS Enhanced Income 1-3 Month T-Bill ETF

A number of hedge funds have recently bought and sold shares of CSHI. Farther Finance Advisors LLC bought a new position in NEOS Enhanced Income 1-3 Month T-Bill ETF during the second quarter valued at about $121,000. Moloney Securities Asset Management LLC acquired a new stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF during the 3rd quarter worth approximately $317,000. Carter Financial Group INC. bought a new stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF during the second quarter valued at approximately $476,000. CoreCap Advisors LLC increased its position in shares of 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 valued at $919,000 after purchasing an additional 787 shares during the period. Finally, FSA Advisors Inc. raised its stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 343.4% in the second quarter. FSA Advisors Inc. now owns 70,165 shares of the company’s stock valued at $3,489,000 after purchasing an additional 54,341 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.