NEOS Bitcoin High Income ETF (BATS:BTCI) Shares Up 2.9% – Still a Buy?

NEOS Bitcoin High Income ETF (BATS:BTCI)’s stock price rose 2.9% on Wednesday . The stock traded as high as $34.76 and last traded at $34.27. Approximately 643,387 shares traded hands during trading, a decline of 1% from the average daily volume of 652,114 shares. The stock had previously closed at $33.29.

NEOS Bitcoin High Income ETF Stock Performance

The company has a fifty day moving average price of $34.33 and a two-hundred day moving average price of $45.02.

Institutional Trading of NEOS Bitcoin High Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC bought a new stake in shares of NEOS Bitcoin High Income ETF during the fourth quarter worth about $249,000. OLD Mission Capital LLC bought a new position in NEOS Bitcoin High Income ETF during the 4th quarter worth approximately $2,058,000. Brown Advisory Inc. bought a new position in NEOS Bitcoin High Income ETF during the 4th quarter worth approximately $918,000. HRT Financial LP bought a new position in NEOS Bitcoin High Income ETF during the 4th quarter worth approximately $206,000. Finally, Orion Porfolio Solutions LLC raised its holdings in NEOS Bitcoin High Income ETF by 43.2% during the 4th quarter. Orion Porfolio Solutions LLC now owns 21,679 shares of the company’s stock worth $954,000 after purchasing an additional 6,536 shares during the last quarter.

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.