NEOS Bitcoin High Income ETF (NYSEARCA:BTCI) Sees Large Volume Increase – Still a Buy?

NEOS Bitcoin High Income ETF (NYSEARCA:BTCI) shares saw an uptick in trading volume on Friday . 247,013 shares were traded during trading, a decline of 26% from the previous session’s volume of 333,966 shares.The stock last traded at $43.58 and had previously closed at $43.89.

NEOS Bitcoin High Income ETF Price Performance

The business has a fifty day simple moving average of $49.53 and a 200 day simple moving average of $57.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MADDEN SECURITIES Corp lifted its position in shares of NEOS Bitcoin High Income ETF by 1,423.7% during the 2nd quarter. MADDEN SECURITIES Corp now owns 268,255 shares of the company’s stock valued at $16,015,000 after acquiring an additional 250,650 shares during the period. Jane Street Group LLC purchased a new position in NEOS Bitcoin High Income ETF in the 2nd quarter valued at approximately $5,090,000. Corient Private Wealth LLC acquired a new position in NEOS Bitcoin High Income ETF during the second quarter worth $2,701,000. Retirement Planning Group LLC acquired a new position in NEOS Bitcoin High Income ETF during the third quarter worth $1,399,000. Finally, Orion Porfolio Solutions LLC purchased a new stake in NEOS Bitcoin High Income ETF during the third quarter worth $900,000.

About NEOS Bitcoin High Income ETF

The NEOS Bitcoin High Income ETF (BTCI) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a fund-of-funds that seeks high monthly income with the potential for appreciation by investing in ETPs with exposure to bitcoin while also utilizing call option strategies. BTCI was launched on Oct 17, 2024 and is issued by Neos.