Short Interest in NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Increases By 119.5%

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 204,904 shares, an increase of 119.5% from the May 31st total of 93,357 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 684,028 shares, the short-interest ratio is currently 0.3 days.

NEOS Enhanced Income 1-3 Month T-Bill ETF Stock Up 0.1%

Shares of CSHI stock opened at $49.80 on Tuesday. 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 firm has a market cap of $1.09 billion, a PE ratio of 23.90 and a beta of 0.01. The stock has a 50 day moving average of $49.79 and a 200-day moving average of $49.74.

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

Several large investors have recently bought and sold shares of CSHI. Nations Financial Group Inc. IA ADV grew its position in NEOS Enhanced Income 1-3 Month T-Bill ETF by 15.8% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 6,582 shares of the company’s stock worth $328,000 after purchasing an additional 900 shares during the last quarter. Flagship Harbor Advisors LLC bought 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. raised 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 buying an additional 727 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 13.6% during the fourth quarter. CoreCap Advisors LLC now owns 20,996 shares of the company’s stock valued at $1,044,000 after buying an additional 2,514 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 34.8% in the third quarter. NewEdge Advisors LLC now owns 72,067 shares of the company’s stock valued at $3,583,000 after buying an additional 18,588 shares during the period.

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.