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

NEOS Bitcoin High Income ETF (BATS:BTCI)’s share price was up 2.9% during mid-day trading on Wednesday . The stock traded as high as $34.76 and last traded at $34.27. Approximately 643,387 shares changed 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 Up 2.9%

The company’s fifty day simple moving average is $34.33 and its two-hundred day simple moving average is $45.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BTCI. Steward Partners Investment Advisory LLC bought a new position in NEOS Bitcoin High Income ETF in the second quarter valued at about $34,000. Jane Street Group LLC bought a new position in NEOS Bitcoin High Income ETF in the second quarter valued at about $5,090,000. Corient Private Wealth LLC bought a new position in NEOS Bitcoin High Income ETF in the second quarter valued at about $2,701,000. Whalen Wealth Management Inc. grew its position in NEOS Bitcoin High Income ETF by 97.7% in the third quarter. Whalen Wealth Management Inc. now owns 7,801 shares of the company’s stock valued at $463,000 after acquiring an additional 3,855 shares during the last quarter. Finally, CWM LLC grew its position in NEOS Bitcoin High Income ETF by 224.4% in the third quarter. CWM LLC now owns 1,223 shares of the company’s stock valued at $73,000 after acquiring an additional 846 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.