NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Stock Price Down 0% – Should You Sell?

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was down 0% on Thursday . The stock traded as low as $49.67 and last traded at $49.71. Approximately 358,793 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 320,637 shares. The stock had previously closed at $49.72.

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

The firm has a fifty day moving average of $49.72 and a 200-day moving average of $49.76. The firm has a market cap of $874.40 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 business also recently disclosed a monthly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, January 14th were paid a dividend of $0.1991 per share. The ex-dividend date was Wednesday, January 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC bought a new stake in NEOS Enhanced Income 1-3 Month T-Bill ETF during the third quarter worth $317,000. Flagship Harbor Advisors LLC acquired a new position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF during the 4th quarter worth about $379,000. Carter Financial Group INC. bought a new stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF in the 2nd quarter valued at about $476,000. CoreCap Advisors LLC raised its holdings in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 4.4% in the 3rd 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. lifted its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 343.4% in the 2nd 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 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.