NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Trading Up 0% – Here’s Why

Shares of NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) were up 0% during mid-day trading on Tuesday . The stock traded as high as $49.75 and last traded at $49.73. 460,712 shares traded hands during trading, a decline of 1% from the average daily volume of 463,404 shares. The stock had previously closed at $49.71.

NEOS Enhanced Income 1-3 Month T-Bill ETF Stock Up 0.0%

The company has a market cap of $1.48 billion, a PE ratio of 23.90 and a beta of 0.01. The stock has a 50-day simple moving average of $49.78 and a 200 day simple moving average of $49.74.

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

A number of hedge funds and other institutional investors have recently modified their holdings of CSHI. NewEdge Advisors LLC raised its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 83.0% in the 4th quarter. NewEdge Advisors LLC now owns 131,896 shares of the company’s stock valued at $6,559,000 after buying an additional 59,829 shares during the period. FSA Advisors Inc. boosted its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 24.3% during the fourth quarter. FSA Advisors Inc. now owns 110,263 shares of the company’s stock worth $5,483,000 after buying an additional 21,547 shares during the period. Arax Advisory Partners boosted its stake 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 worth $5,054,000 after buying an additional 5,833 shares during the period. CoreCap Advisors LLC increased its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 10.9% during the second quarter. CoreCap Advisors LLC now owns 25,920 shares of the company’s stock valued at $1,291,000 after acquiring an additional 2,543 shares during the last quarter. Finally, Carter Financial Group INC. increased its position in shares of 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 acquiring an additional 727 shares during 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.