NEOS Bitcoin High Income ETF (BATS:BTCI) Short Interest Update

NEOS Bitcoin High Income ETF (BATS:BTCI) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 324,631 shares, an increase of 195.9% from the July 30th total of 109,707 shares. Currently, 5.3% of the company’s stock are short sold. Based on an average daily volume of 401,464 shares, the days-to-cover ratio is presently 0.8 days.

NEOS Bitcoin High Income ETF Stock Performance

BTCI traded up $0.59 on Thursday, reaching $33.02. 207,600 shares of the company traded hands, compared to its average volume of 663,716. The stock’s 50 day moving average price is $28.80 and its 200-day moving average price is $32.15. NEOS Bitcoin High Income ETF has a 52-week low of $26.52 and a 52-week high of $64.03.

Hedge Funds Weigh In On NEOS Bitcoin High Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fullerton Advisors LLC grew its stake in shares of NEOS Bitcoin High Income ETF by 7.2% in the 1st quarter. Fullerton Advisors LLC now owns 6,334 shares of the company’s stock valued at $208,000 after buying an additional 426 shares in the last quarter. IFP Advisors Inc raised its position in NEOS Bitcoin High Income ETF by 341.1% during the fourth quarter. IFP Advisors Inc now owns 741 shares of the company’s stock valued at $33,000 after acquiring an additional 573 shares in the last quarter. CAP Partners LLC raised its position in NEOS Bitcoin High Income ETF by 14.3% during the first quarter. CAP Partners LLC now owns 7,213 shares of the company’s stock valued at $236,000 after acquiring an additional 903 shares in the last quarter. NFSG Corp lifted its stake in NEOS Bitcoin High Income ETF by 14.4% in the first quarter. NFSG Corp now owns 8,439 shares of the company’s stock valued at $277,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in NEOS Bitcoin High Income ETF in the third quarter valued at approximately $103,000.

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.