Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Short Interest Up 67.2% in May

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 482,516 shares, an increase of 67.2% from the May 14th total of 288,535 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 1,699,830 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Grayscale Bitcoin Mini Trust ETF

Several hedge funds have recently modified their holdings of BTC. Orion Porfolio Solutions LLC grew its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 2.5% in the second quarter. Orion Porfolio Solutions LLC now owns 10,639 shares of the company’s stock valued at $508,000 after acquiring an additional 255 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Grayscale Bitcoin Mini Trust ETF by 3.6% during the third quarter. Parallel Advisors LLC now owns 8,933 shares of the company’s stock valued at $452,000 after acquiring an additional 308 shares during the last quarter. Almanack Investment Partners LLC. lifted its holdings in Grayscale Bitcoin Mini Trust ETF by 1.2% during the fourth quarter. Almanack Investment Partners LLC. now owns 26,700 shares of the company’s stock worth $1,034,000 after acquiring an additional 323 shares during the period. VanderPol Investments L.L.C. boosted its position in Grayscale Bitcoin Mini Trust ETF by 4.4% in the fourth quarter. VanderPol Investments L.L.C. now owns 7,763 shares of the company’s stock worth $301,000 after purchasing an additional 325 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC boosted its position in Grayscale Bitcoin Mini Trust ETF by 3.2% in the first quarter. Mosaic Family Wealth Partners LLC now owns 11,054 shares of the company’s stock worth $332,000 after purchasing an additional 338 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Up 4.6%

Shares of BTC traded up $1.30 during trading hours on Monday, reaching $29.43. 1,686,615 shares of the stock traded hands, compared to its average volume of 3,583,424. Grayscale Bitcoin Mini Trust ETF has a 52 week low of $26.14 and a 52 week high of $55.96. The stock has a fifty day simple moving average of $32.58 and a 200 day simple moving average of $34.47.

Grayscale Bitcoin Mini Trust ETF Company Profile

The Grayscale Bitcoin Mini Trust ETF (BTC) is an exchange-traded fund that is based on the CoinDesk Bitcoin Cash Price index. The fund is passively managed, offering exposure to the daily USD spot price of Bitcoin, less expenses and liabilities. An investment in the fund is not a direct investment in Bitcoin. BTC was launched on Jul 31, 2024 and is issued by Grayscale.