NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Sets New 1-Year Low – Here’s Why

Shares of NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI – Get Free Report) reached a new 52-week low on Tuesday. The stock traded as low as $49.47 and last traded at $49.4950, with a volume of 115,264 shares trading hands. The stock had previously closed at $49.68.

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

The stock’s 50 day moving average is $49.68 and its two-hundred day moving average is $49.73. The company has a market capitalization of $2.13 billion, a PE ratio of 23.90 and a beta of 0.01.

Institutional Investors Weigh In On NEOS Enhanced Income 1-3 Month T-Bill ETF

Large investors have recently modified their holdings of the business. CoreCap Advisors LLC lifted its position 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 purchasing an additional 1,744 shares during the period. Compass Financial Management LLC increased its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 10.3% during the third quarter. Compass Financial Management LLC now owns 12,430 shares of the company’s stock valued at $618,000 after buying an additional 1,159 shares during the period. Finally, Parallel Advisors LLC increased its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 1,889.8% during the third quarter. Parallel Advisors LLC now owns 2,527 shares of the company’s stock valued at $126,000 after buying an additional 2,400 shares during the period.

NEOS Enhanced Income 1-3 Month T-Bill ETF Company Profile

(Get Free Report)

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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