NEOS Bitcoin High Income ETF (BATS:BTCI) Sees Large Increase in Short Interest

NEOS Bitcoin High Income ETF (BATS:BTCIGet Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 163,400 shares, an increase of 174.5% from the May 31st total of 59,525 shares. Based on an average daily trading volume, of 1,028,579 shares, the short-interest ratio is currently 0.2 days. Approximately 2.7% of the company’s stock are sold short.

NEOS Bitcoin High Income ETF Stock Down 0.0%

BATS:BTCI opened at $27.26 on Monday. The firm’s 50-day moving average price is $33.39 and its 200-day moving average price is $36.90. NEOS Bitcoin High Income ETF has a 1-year low of $26.52 and a 1-year high of $65.97.

Institutional Investors Weigh In On NEOS Bitcoin High Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc increased its stake in shares of 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 purchasing an additional 573 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of NEOS Bitcoin High Income ETF during the fourth quarter valued at approximately $50,000. Newbridge Financial Services Group Inc. bought a new stake in shares of NEOS Bitcoin High Income ETF in the 3rd quarter worth approximately $103,000. Allworth Financial LP boosted its position in shares of NEOS Bitcoin High Income ETF by 84.6% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the company’s stock worth $143,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Montag A & Associates Inc. purchased a new stake in shares of NEOS Bitcoin High Income ETF in the 3rd quarter worth approximately $143,000.

NEOS Bitcoin High Income ETF Company Profile

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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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