NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI) Hits New 12-Month Low – Here’s Why

NEOS Enhanced Income 1-3 Month T-Bill ETF (NYSEARCA:CSHI – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $49.47 and last traded at $49.4950, with a volume of 115,264 shares traded. The stock had previously closed at $49.68.

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

The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 23.90 and a beta of 0.01. The company has a 50-day moving average of $49.67 and a 200-day moving average of $49.73.

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

Large investors have recently modified their holdings of the business. Parallel Advisors LLC grew its holdings in NEOS Enhanced Income 1-3 Month T-Bill ETF by 1,889.8% during the 3rd quarter. Parallel Advisors LLC now owns 2,527 shares of the company’s stock valued at $126,000 after buying an additional 2,400 shares during the last quarter. Compass Financial Management LLC raised its holdings in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 10.3% in the third quarter. Compass Financial Management LLC now owns 12,430 shares of the company’s stock worth $618,000 after acquiring an additional 1,159 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings in shares of NEOS Enhanced Income 1-3 Month T-Bill ETF by 6.7% in the third quarter. CoreCap Advisors LLC now owns 27,664 shares of the company’s stock worth $1,375,000 after acquiring an additional 1,744 shares during the last quarter.

NEOS Enhanced Income 1-3 Month T-Bill ETF Company Profile

(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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