NEOS Bitcoin High Income ETF (BATS:BTCI) Sees Large Growth in Short Interest

NEOS Bitcoin High Income ETF (BATS:BTCI) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 163,400 shares, a growth of 174.5% from the May 31st total of 59,525 shares. Currently, 2.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,028,579 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On NEOS Bitcoin High Income ETF

Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in NEOS Bitcoin High Income ETF by 341.1% in the fourth quarter. IFP Advisors Inc now owns 741 shares of the company’s stock worth $33,000 after purchasing an additional 573 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new stake in NEOS Bitcoin High Income ETF during the fourth quarter valued at about $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 about $103,000. Allworth Financial LP grew its stake 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 buying an additional 1,100 shares during the last quarter. Finally, Montag A & Associates Inc. purchased a new position in shares of NEOS Bitcoin High Income ETF in the third quarter worth about $143,000.

NEOS Bitcoin High Income ETF Stock Up 1.1%

BATS BTCI opened at $27.56 on Tuesday. NEOS Bitcoin High Income ETF has a 52-week low of $26.52 and a 52-week high of $65.97. The company has a fifty day moving average of $33.22 and a 200-day moving average of $36.76.

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.