NEOS Bitcoin High Income ETF (BATS:BTCI) Trading Down 0.9% – Here’s Why

by · The Markets Daily

NEOS Bitcoin High Income ETF (BATS:BTCI – Get Free Report) shares fell 0.9% during trading on Thursday . The stock traded as low as $26.52 and last traded at $27.01. Approximately 651,468 shares changed hands during trading, a decline of 11% from the average session volume of 730,307 shares. The stock had previously closed at $27.25.

NEOS Bitcoin High Income ETF Price Performance

The business’s 50-day moving average price is $33.56 and its two-hundred day moving average price is $37.03.

Hedge Funds Weigh In On NEOS Bitcoin High Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTCI. Foguth Wealth Management LLC. bought a new stake in shares of NEOS Bitcoin High Income ETF during the 1st quarter valued at $232,000. Group One Trading LLC increased its position in shares of NEOS Bitcoin High Income ETF by 79.6% in the first quarter. Group One Trading LLC now owns 38,938 shares of the company’s stock worth $1,276,000 after purchasing an additional 17,252 shares during the period. Independent Financial Group LLC bought a new position in shares of NEOS Bitcoin High Income ETF in the first quarter worth $787,000. NFSG Corp raised 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 purchasing an additional 1,061 shares in the last quarter. Finally, Retirement Planning Group LLC raised its stake in NEOS Bitcoin High Income ETF by 31.6% in the first quarter. Retirement Planning Group LLC now owns 39,065 shares of the company’s stock valued at $1,281,000 after purchasing an additional 9,386 shares in the last quarter.

NEOS Bitcoin High Income ETF Company Profile

(Get Free Report)

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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