NEOS Bitcoin High Income ETF (NYSEARCA:BTCI) Shares Gap Down – Here’s Why

NEOS Bitcoin High Income ETF (NYSEARCA:BTCI) gapped down prior to trading on Monday . The stock had previously closed at $41.49, but opened at $39.03. NEOS Bitcoin High Income ETF shares last traded at $39.14, with a volume of 593,569 shares traded.

NEOS Bitcoin High Income ETF Stock Performance

The company’s 50-day moving average price is $44.80 and its two-hundred day moving average price is $53.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BTCI. CAP Partners LLC boosted its position in shares of NEOS Bitcoin High Income ETF by 80.1% during the 4th quarter. CAP Partners LLC now owns 6,310 shares of the company’s stock valued at $278,000 after purchasing an additional 2,807 shares in the last quarter. Retirement Planning Group LLC increased its holdings in shares of NEOS Bitcoin High Income ETF by 26.0% during the fourth quarter. Retirement Planning Group LLC now owns 29,679 shares of the company’s stock valued at $1,306,000 after acquiring an additional 6,130 shares in the last quarter. Fullerton Advisors LLC acquired a new stake in shares of NEOS Bitcoin High Income ETF in the 4th quarter worth about $260,000. CWM LLC lifted its position in NEOS Bitcoin High Income ETF by 268.4% in the 4th quarter. CWM LLC now owns 4,506 shares of the company’s stock valued at $198,000 after acquiring an additional 3,283 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in NEOS Bitcoin High Income ETF during the 4th quarter valued at about $639,000.

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.