NEOS Bitcoin High Income ETF (BATS:BTCI) Sees Significant Drop in Short Interest

NEOS Bitcoin High Income ETF (BATS:BTCI) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 79,665 shares, a drop of 70.7% from the April 30th total of 272,086 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 781,572 shares, the days-to-cover ratio is presently 0.1 days.

NEOS Bitcoin High Income ETF Stock Down 2.1%

Shares of BATS BTCI opened at $33.76 on Friday. The firm’s 50-day moving average price is $35.12 and its 200-day moving average price is $39.61. NEOS Bitcoin High Income ETF has a 52-week low of $30.89 and a 52-week high of $65.97.

Institutional Trading of NEOS Bitcoin High Income ETF

Institutional investors have recently made changes to their positions in the stock. AE Wealth Management LLC purchased a new stake in shares of NEOS Bitcoin High Income ETF during the 3rd quarter valued at about $35,000. IFP Advisors Inc boosted its holdings in shares of NEOS Bitcoin High Income ETF by 341.1% during the 4th quarter. IFP Advisors Inc now owns 741 shares of the company’s stock valued at $33,000 after acquiring an additional 573 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of NEOS Bitcoin High Income ETF during the 4th quarter valued at about $50,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of NEOS Bitcoin High Income ETF during the 3rd quarter valued at about $103,000. Finally, Allworth Financial LP boosted its holdings in shares of NEOS Bitcoin High Income ETF by 84.6% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the company’s stock valued at $143,000 after acquiring an additional 1,100 shares during the last quarter.

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.