NEOS Bitcoin High Income ETF (NYSEARCA:BTCI) Sees Unusually-High Trading Volume – Should You Buy?

NEOS Bitcoin High Income ETF (NYSEARCA:BTCI) shares saw unusually-high trading volume on Friday . Approximately 371,555 shares changed hands during trading, an increase of 47% from the previous session’s volume of 252,502 shares.The stock last traded at $54.90 and had previously closed at $56.58.

NEOS Bitcoin High Income ETF Stock Performance

The firm has a 50 day simple moving average of $60.37 and a 200-day simple moving average of $59.17.

Hedge Funds Weigh In On NEOS Bitcoin High Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new stake in shares of NEOS Bitcoin High Income ETF during the second quarter worth about $34,000. CWM LLC boosted its stake in NEOS Bitcoin High Income ETF by 224.4% in the 3rd quarter. CWM LLC now owns 1,223 shares of the company’s stock valued at $73,000 after purchasing an additional 846 shares during the period. Allworth Financial LP acquired a new position in NEOS Bitcoin High Income ETF in the 2nd quarter valued at $78,000. City State Bank acquired a new position in NEOS Bitcoin High Income ETF in the 2nd quarter valued at $119,000. Finally, Whalen Wealth Management Inc. acquired a new position in shares of NEOS Bitcoin High Income ETF during the 2nd quarter worth $236,000.

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.