NEOS Bitcoin High Income ETF (BATS:BTCI) Trading Down 0.9% – Here’s Why

NEOS Bitcoin High Income ETF (BATS:BTCI)’s share price dropped 0.9% on Thursday . The stock traded as low as $26.52 and last traded at $27.01. Approximately 651,468 shares were traded during mid-day trading, a decline of 11% from the average session volume of 730,307 shares. The stock had previously closed at $27.25.

NEOS Bitcoin High Income ETF Stock Performance

The firm’s 50-day simple moving average is $33.39 and its 200-day simple moving average is $36.96.

Institutional Investors Weigh In On NEOS Bitcoin High Income ETF

Several institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in NEOS Bitcoin High Income ETF in the 2nd quarter worth approximately $5,090,000. Renaissance Technologies LLC purchased a new stake in shares of NEOS Bitcoin High Income ETF during the fourth quarter valued at approximately $2,109,000. OLD Mission Capital LLC bought a new position in shares of NEOS Bitcoin High Income ETF in the fourth quarter worth approximately $2,058,000. Corient Private Wealth LLC purchased a new position in shares of NEOS Bitcoin High Income ETF in the second quarter worth $2,701,000. Finally, Retirement Planning Group LLC raised its holdings in NEOS Bitcoin High Income ETF by 31.6% during the 1st quarter. Retirement Planning Group LLC now owns 39,065 shares of the company’s stock valued at $1,281,000 after buying an additional 9,386 shares during the last quarter.

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.