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

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

Institutional Trading of NEOS Bitcoin High Income ETF

Several institutional investors have recently bought and sold shares of BTCI. IFP Advisors Inc grew its position in 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 purchasing an additional 573 shares during the last quarter. AE Wealth Management LLC bought a new position in shares of NEOS Bitcoin High Income ETF during the third quarter valued at $35,000. Capital Investment Advisory Services LLC bought a new position in shares of NEOS Bitcoin High Income ETF during the fourth quarter valued at $50,000. Newbridge Financial Services Group Inc. bought a new position in shares of NEOS Bitcoin High Income ETF during the third quarter valued at $103,000. Finally, Allworth Financial LP lifted its holdings in shares of NEOS Bitcoin High Income ETF by 84.6% during the third quarter. Allworth Financial LP now owns 2,400 shares of the company’s stock valued at $143,000 after purchasing an additional 1,100 shares in the last quarter.

NEOS Bitcoin High Income ETF Price Performance

Shares of BTCI stock opened at $33.76 on Friday. NEOS Bitcoin High Income ETF has a one year low of $30.89 and a one year high of $65.97. The company’s 50-day moving average is $35.12 and its 200 day moving average is $39.61.

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.