NEOS Bitcoin High Income ETF (BATS:BTCI – Get Free Report) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 109,939 shares, a decrease of 71.2% from the October 15th total of 381,114 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 597,258 shares, the short-interest ratio is currently 0.2 days.
NEOS Bitcoin High Income ETF Stock Down 3.9%
BTCI opened at $28.55 on Friday. NEOS Bitcoin High Income ETF has a 52-week low of $26.52 and a 52-week high of $53.39. The firm’s fifty day simple moving average is $32.46 and its two-hundred day simple moving average is $32.59.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. IFP Advisors Inc raised its position in shares of NEOS Bitcoin High Income ETF by 118.9% during the 2nd quarter. IFP Advisors Inc now owns 3,596 shares of the company’s stock worth $97,000 after purchasing an additional 1,953 shares during the last quarter. Parallel Advisors LLC acquired a new stake in NEOS Bitcoin High Income ETF in the 3rd quarter worth about $125,000. Foguth Wealth Management LLC. acquired a new stake in NEOS Bitcoin High Income ETF in the 1st quarter worth about $232,000. Independence Wealth Advisors LLC acquired a new stake in NEOS Bitcoin High Income ETF in the 3rd quarter worth about $274,000. Finally, NFSG Corp increased its stake in NEOS Bitcoin High Income ETF by 14.4% during the 1st quarter. NFSG Corp now owns 8,439 shares of the company’s stock worth $277,000 after buying an additional 1,061 shares in the last quarter.
NEOS Bitcoin High Income ETF Company Profile
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.
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