NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Trading Up 0.1% – Here’s Why

Shares of NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) were up 0.1% during trading on Wednesday . The company traded as high as $49.71 and last traded at $49.71. Approximately 157,297 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 321,642 shares. The stock had previously closed at $49.67.

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

The stock’s 50-day moving average price is $49.66 and its 200 day moving average price is $49.73. The firm has a market capitalization of $873.17 million, a PE ratio of 23.90 and a beta of 0.02.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC lifted 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 worth $919,000 after buying an additional 787 shares during the period. Arax Advisory Partners increased its stake in shares of 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 valued at $5,054,000 after buying an additional 5,833 shares during the period. Moloney Securities Asset Management LLC bought a new stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF in the third quarter valued at about $317,000. Flagship Harbor Advisors LLC bought a new stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF in the fourth quarter valued at about $379,000. Finally, Carter Financial Group INC. purchased a new stake in NEOS Enhanced Income 1-3 Month T-Bill ETF in the second quarter worth about $476,000.

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.