Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Sees Large Drop in Short Interest

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 551,188 shares, a decrease of 35.3% from the June 15th total of 852,271 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,172,616 shares, the short-interest ratio is currently 0.3 days.

Grayscale Bitcoin Mini Trust ETF Stock Down 1.1%

NYSEARCA:BTC traded down $0.30 during mid-day trading on Friday, reaching $28.11. 784,754 shares of the company were exchanged, compared to its average volume of 3,286,190. Grayscale Bitcoin Mini Trust ETF has a 12 month low of $25.65 and a 12 month high of $55.96. The company has a fifty day moving average of $29.95 and a 200 day moving average of $32.48.

Institutional Trading of Grayscale Bitcoin Mini Trust ETF

Several hedge funds have recently modified their holdings of the stock. Ares Financial Consulting LLC lifted its holdings in Grayscale Bitcoin Mini Trust ETF by 104.3% during the 2nd quarter. Ares Financial Consulting LLC now owns 3,324 shares of the company’s stock worth $86,000 after buying an additional 1,697 shares in the last quarter. Centurion Wealth Management LLC increased its stake in shares of Grayscale Bitcoin Mini Trust ETF by 1,056.5% in the 2nd quarter. Centurion Wealth Management LLC now owns 92,440 shares of the company’s stock valued at $2,399,000 after buying an additional 84,447 shares during the period. Pettinga Financial Advisors LLC increased its stake in shares of Grayscale Bitcoin Mini Trust ETF by 3.5% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 57,053 shares of the company’s stock valued at $1,481,000 after buying an additional 1,931 shares during the period. Valeo Financial Advisors LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust ETF during the second quarter worth $554,000. Finally, Cooper Financial Group raised its position in shares of Grayscale Bitcoin Mini Trust ETF by 63.6% during the second quarter. Cooper Financial Group now owns 37,686 shares of the company’s stock worth $978,000 after acquiring an additional 14,646 shares during the last quarter. 27.38% of the stock is owned by institutional investors.

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.