NEOS Bitcoin High Income ETF (BTCI) is upgraded from Sell to Hold, reflecting improved performance in choppy, non-violent Bitcoin rallies. BTCI captures most upside when Bitcoin rises steadily, not in sharp, sudden moves that overwhelm its options strategy. BTCI's September distribution increased 14% to $0.7184, with the ETF efficiently capturing Bitcoin's recent slower gains while maintaining income.
Bitcoin pays no dividends, coupons, or rents, yet one ETF is distributing cash to investors at a rate that rivals high-yield bonds and dividend stocks combined.
It's often said that “timing is everything.” But that's more of a general life saying than it is applicable in the world of investing, because market timing is incredibly difficult.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Richard Slavik Newbridge Financial Services Group Inc. | 8,923 | $399,798.59 | $296,957.44 | -$102,841.15 | -25.72% |
Samantha Pierangeli City State Bank | 3,750 | $216,710 | $123,450 | -$93,260 | -43.03% |
Christopher C. Powers Farther Finance Advisors, LLC | 63,336 | $2.13M | $2.11M | -$19,325.33 | -0.91% |
Jon Deven Mouton CAP Partners, LLC | 7,733 | $375,254.95 | $257,425.38 | -$117,829.57 | -31.4% |
RPS Advisory Solutions LLC RPS ADVISORY SOLUTIONS LLC | 15,716 | $603,633.23 | $523,185.64 | -$80,447.59 | -13.33% |
| BATS Exchange | US Country |
The fund described is an actively-managed Exchange-Traded Fund (ETF) with a primary goal of achieving its investment objectives through a two-fold strategy. Initially, the fund focuses on investments in one or more ETFs that aim to mirror the performance of the Russell 2000® Index, a renowned small-cap stock index representing approximately the smallest 2000 stocks in the Russell 3000 Index. It encompasses a comprehensive portfolio of stocks that are part of the Russell 2000® Index or a combination that aligns with it. Furthermore, this fund employs a call options strategy, focusing on generating high monthly income. This is primarily achieved by writing (or selling) call options on the Russell 2000®, thereby leveraging the underlying securities' volatility and market movements to provide returns to the investors. This innovative approach combines direct index investment with an options strategy, aiming to offer investors both growth through index tracking and income through options premiums.
The fund focuses on the following primary products and services: