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

NEOS Bitcoin High Income ETF (NYSEARCA:BTCI) shares saw an uptick in trading volume on Friday . 247,013 shares were traded during trading, a decline of 26% from the previous session’s volume of 333,966 shares.The stock last traded at $43.58 and had previously closed at $43.89.

NEOS Bitcoin High Income ETF Stock Performance

The stock’s 50 day moving average is $49.30 and its two-hundred day moving average is $56.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BTCI. Corient Private Wealth LLC bought a new stake in NEOS Bitcoin High Income ETF in the second quarter valued at approximately $2,701,000. Allworth Financial LP bought a new position in shares of NEOS Bitcoin High Income ETF during the second quarter worth $78,000. Global Retirement Partners LLC acquired a new position in shares of NEOS Bitcoin High Income ETF in the 2nd quarter valued at $302,000. MADDEN SECURITIES Corp increased its position in shares of NEOS Bitcoin High Income ETF by 1,423.7% in the 2nd quarter. MADDEN SECURITIES Corp now owns 268,255 shares of the company’s stock valued at $16,015,000 after buying an additional 250,650 shares in the last quarter. Finally, City State Bank acquired a new stake in NEOS Bitcoin High Income ETF during the 2nd quarter worth $119,000.

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.