NEOS Bitcoin High Income ETF (BATS:BTCI) Trading 0.8% Higher – Still a Buy?

NEOS Bitcoin High Income ETF (BATS:BTCI) shares shot up 0.8% during mid-day trading on Friday . The stock traded as high as $35.50 and last traded at $34.51. 709,550 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 695,933 shares. The stock had previously closed at $34.23.

NEOS Bitcoin High Income ETF Price Performance

The business has a 50 day simple moving average of $38.75 and a 200 day simple moving average of $48.40.

Institutional Investors Weigh In On NEOS Bitcoin High Income ETF

A number of hedge funds have recently added to or reduced their stakes in BTCI. Allworth Financial LP acquired a new stake in NEOS Bitcoin High Income ETF in the 2nd quarter valued at about $78,000. Global Retirement Partners LLC acquired a new position in shares of NEOS Bitcoin High Income ETF during the second quarter worth approximately $302,000. Steward Partners Investment Advisory LLC bought a new stake in shares of NEOS Bitcoin High Income ETF during the second quarter valued at approximately $34,000. Jane Street Group LLC bought a new stake in shares of NEOS Bitcoin High Income ETF during the second quarter valued at approximately $5,090,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of NEOS Bitcoin High Income ETF in the second quarter valued at approximately $2,701,000.

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.