NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI – Get Free Report) dropped 0.4% on Wednesday . The stock traded as low as $49.66 and last traded at $49.66. Approximately 788,384 shares were traded during mid-day trading, an increase of 67% from the average session volume of 470,762 shares. The stock had previously closed at $49.86.
NEOS Enhanced Income 1-3 Month T-Bill ETF Price Performance
The company has a market cap of $1.53 billion, a price-to-earnings ratio of 23.90 and a beta of 0.01. The company has a fifty day simple moving average of $49.77 and a two-hundred day simple moving average of $49.75.
Institutional Investors Weigh In On NEOS Enhanced Income 1-3 Month T-Bill ETF
Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its holdings in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 83.0% in the fourth quarter. NewEdge Advisors LLC now owns 131,896 shares of the company’s stock valued at $6,559,000 after purchasing an additional 59,829 shares in the last quarter. FSA Advisors Inc. increased its stake in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 24.3% during the 4th 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 in the last quarter. Arax Advisory Partners raised its position in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 6.1% during the 4th 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 last quarter. 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 valued at $1,291,000 after buying an additional 2,543 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in NEOS Enhanced Income 1-3 Month T-Bill ETF in the 2nd quarter valued at approximately $561,000.
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.
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