NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Stock Price Down 0.4% – Here’s What Happened

by · The Markets Daily

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI – Get Free Report)’s stock price traded down 0.4% on Wednesday . The stock traded as low as $49.66 and last traded at $49.66. 788,384 shares were traded during mid-day trading, an increase of 67% from the average daily volume of 470,762 shares. The stock had previously closed at $49.86.

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

The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 23.90 and a beta of 0.01. The company has a 50-day moving average price of $49.78 and a 200-day moving average price of $49.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CSHI. NewEdge Advisors LLC grew its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 34.8% during the third quarter. NewEdge Advisors LLC now owns 72,067 shares of the company’s stock valued at $3,583,000 after purchasing an additional 18,588 shares during the period. FSA Advisors Inc. raised its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 24.3% in the fourth quarter. FSA Advisors Inc. now owns 110,263 shares of the company’s stock worth $5,483,000 after purchasing an additional 21,547 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 worth $5,054,000 after purchasing an additional 5,833 shares during the period. Nations Financial Group Inc. IA ADV boosted its position 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 purchasing an additional 900 shares in the last quarter. Finally, Carter Financial Group INC. boosted 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 purchasing an additional 727 shares in the last quarter.

About NEOS Enhanced Income 1-3 Month T-Bill ETF

(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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