NEOS Bitcoin High Income ETF (NYSEARCA:BTCI) Reaches New 52-Week Low – Here’s What Happened

NEOS Bitcoin High Income ETF (NYSEARCA:BTCI) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $36.46 and last traded at $38.22, with a volume of 1196285 shares. The stock had previously closed at $38.83.

NEOS Bitcoin High Income ETF Stock Down 1.6%

The stock has a fifty day moving average price of $44.98 and a two-hundred day moving average price of $53.74.

Hedge Funds Weigh In On NEOS Bitcoin High Income ETF

Several large investors have recently bought and sold shares of BTCI. MADDEN SECURITIES Corp boosted its holdings in NEOS Bitcoin High Income ETF by 1,423.7% during the 2nd quarter. MADDEN SECURITIES Corp now owns 268,255 shares of the company’s stock worth $16,015,000 after acquiring an additional 250,650 shares during the last quarter. Jane Street Group LLC bought a new position in shares of NEOS Bitcoin High Income ETF during the second quarter valued at about $5,090,000. Corient Private Wealth LLC purchased a new position in NEOS Bitcoin High Income ETF during the second quarter worth about $2,701,000. Retirement Planning Group LLC bought a new stake in NEOS Bitcoin High Income ETF in the 3rd quarter worth about $1,399,000. Finally, Orion Porfolio Solutions LLC bought a new stake in NEOS Bitcoin High Income ETF in the 3rd quarter worth about $900,000.

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.