Short Interest in NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Drops By 65.1%

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 109,001 shares, a decline of 65.1% from the July 30th total of 312,742 shares. Based on an average trading volume of 637,688 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

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

Several hedge funds and other institutional investors have recently modified their holdings of CSHI. Compass Financial Management LLC purchased a new position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF during the second quarter valued at $561,000. CoreCap Advisors LLC lifted its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 10.9% in the 2nd quarter. CoreCap Advisors LLC now owns 25,920 shares of the company’s stock worth $1,291,000 after acquiring an additional 2,543 shares in the last quarter. Carter Financial Group INC. boosted its position in NEOS Enhanced Income 1-3 Month T-Bill ETF by 7.7% during the 1st quarter. Carter Financial Group INC. now owns 10,159 shares of the company’s stock worth $506,000 after acquiring an additional 727 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 15.8% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 6,582 shares of the company’s stock valued at $328,000 after acquiring an additional 900 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in NEOS Enhanced Income 1-3 Month T-Bill ETF by 83.0% during the 4th quarter. NewEdge Advisors LLC now owns 131,896 shares of the company’s stock valued at $6,559,000 after acquiring an additional 59,829 shares in the last quarter.

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

Shares of NYSEARCA:CSHI traded up $0.01 during mid-day trading on Friday, hitting $49.75. The stock had a trading volume of 528,506 shares, compared to its average volume of 482,983. The company’s 50 day moving average is $49.77 and its 200-day moving average is $49.75. NEOS Enhanced Income 1-3 Month T-Bill ETF has a 12-month low of $49.55 and a 12-month high of $49.93. The company has a market cap of $1.54 billion, a PE ratio of 23.90 and a beta of 0.01.

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.