NEOS Bitcoin High Income ETF (BATS:BTCI) Stock Short Interest Falls 71.2%

NEOS Bitcoin High Income ETF (BATS:BTCI) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 109,939 shares, a decline of 71.2% from the October 15th total of 381,114 shares. Based on an average daily volume of 597,258 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

NEOS Bitcoin High Income ETF Stock Down 3.3%

Shares of BTCI traded down $0.94 during mid-day trading on Friday, hitting $27.61. The company’s stock had a trading volume of 909,240 shares, compared to its average volume of 654,396. NEOS Bitcoin High Income ETF has a 1-year low of $26.52 and a 1-year high of $50.44. The firm has a 50-day simple moving average of $32.34 and a 200 day simple moving average of $32.52.

Institutional Trading of NEOS Bitcoin High Income ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. RPS Advisory Solutions LLC lifted its position in NEOS Bitcoin High Income ETF by 4.7% during the third quarter. RPS Advisory Solutions LLC now owns 16,456 shares of the company’s stock worth $555,000 after buying an additional 740 shares during the period. NFSG Corp raised its holdings in shares of NEOS Bitcoin High Income ETF by 14.4% in the 1st quarter. NFSG Corp now owns 8,439 shares of the company’s stock worth $277,000 after purchasing an additional 1,061 shares during the period. IFP Advisors Inc grew its holdings in shares of NEOS Bitcoin High Income ETF by 118.9% during the 2nd quarter. IFP Advisors Inc now owns 3,596 shares of the company’s stock worth $97,000 after purchasing an additional 1,953 shares during the period. Allworth Financial LP grew its stake in NEOS Bitcoin High Income ETF by 34.4% during the second quarter. Allworth Financial LP now owns 8,592 shares of the company’s stock worth $231,000 after buying an additional 2,200 shares during the period. Finally, Parallel Advisors LLC purchased a new position in shares of NEOS Bitcoin High Income ETF in the 3rd quarter valued at $125,000.

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.