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

Shares of NEOS Bitcoin High Income ETF (NYSEARCA:BTCI) reached a new 52-week low during trading on Thursday . The stock traded as low as $41.74 and last traded at $41.74, with a volume of 507763 shares trading hands. The stock had previously closed at $44.08.

NEOS Bitcoin High Income ETF Stock Down 0.1%

The business’s 50 day simple moving average is $45.28 and its 200 day simple moving average is $54.25.

Institutional Investors Weigh In On NEOS Bitcoin High Income ETF

Several large investors have recently added to or reduced their stakes in the stock. MADDEN SECURITIES Corp lifted its stake in shares of NEOS Bitcoin High Income ETF by 6.2% in the 3rd quarter. MADDEN SECURITIES Corp now owns 284,989 shares of the company’s stock valued at $16,931,000 after purchasing an additional 16,734 shares during the last quarter. Jane Street Group LLC bought a new position in shares of NEOS Bitcoin High Income ETF during the 2nd quarter valued at approximately $5,090,000. Corient Private Wealth LLC purchased a new stake in NEOS Bitcoin High Income ETF during the 2nd quarter valued at $2,701,000. Retirement Planning Group LLC purchased a new stake in NEOS Bitcoin High Income ETF during the 3rd quarter valued at $1,399,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in NEOS Bitcoin High Income ETF by 91.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,384 shares of the company’s stock worth $800,000 after buying an additional 8,311 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.