NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Shares Up 0% – Here’s Why

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI)’s share price was up 0% during mid-day trading on Tuesday . The company traded as high as $49.75 and last traded at $49.73. Approximately 460,712 shares changed hands during trading, a decline of 1% from the average session volume of 463,404 shares. The stock had previously closed at $49.71.

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

The company’s 50-day simple moving average is $49.78 and its 200 day simple moving average is $49.74. The company has a market cap of $1.48 billion, a PE ratio of 23.90 and a beta of 0.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Carter Financial Group INC. grew 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 worth $506,000 after buying an additional 727 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 15.8% during the first quarter. Nations Financial Group Inc. IA ADV now owns 6,582 shares of the company’s stock worth $328,000 after buying an additional 900 shares during the period. CoreCap Advisors LLC increased its stake 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 worth $1,044,000 after buying an additional 2,514 shares during the period. Arax Advisory Partners raised its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 6.1% in the fourth quarter. Arax Advisory Partners now owns 102,140 shares of the company’s stock valued at $5,054,000 after acquiring an additional 5,833 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in NEOS Enhanced Income 1-3 Month T-Bill ETF in the fourth quarter valued at approximately $379,000.

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.