NEOS Bitcoin High Income ETF (BATS:BTCI) Short Interest Update

NEOS Bitcoin High Income ETF (BATS:BTCI) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 80,316 shares, a drop of 50.8% from the June 15th total of 163,400 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 742,468 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On NEOS Bitcoin High Income ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in shares of NEOS Bitcoin High Income ETF in the second quarter worth $5,090,000. Renaissance Technologies LLC purchased a new position in NEOS Bitcoin High Income ETF in the fourth quarter valued at about $2,109,000. OLD Mission Capital LLC acquired a new position in NEOS Bitcoin High Income ETF in the 4th quarter worth about $2,058,000. Corient Private Wealth LLC acquired a new position in NEOS Bitcoin High Income ETF in the 2nd quarter worth about $2,701,000. Finally, Retirement Planning Group LLC raised its stake in shares of 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 worth $1,281,000 after purchasing an additional 9,386 shares in the last quarter.

NEOS Bitcoin High Income ETF Stock Down 0.7%

Shares of BTCI opened at $29.03 on Friday. The company’s 50 day moving average price is $31.15 and its 200 day moving average price is $35.22. NEOS Bitcoin High Income ETF has a 52 week low of $26.52 and a 52 week high of $65.87.

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.