Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Short Interest Update

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 301,170 shares, a decrease of 52.0% from the April 15th total of 627,434 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 1,933,071 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Grayscale Bitcoin Mini Trust ETF

Large investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF in the 4th quarter worth about $27,000. Strategic Advocates LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF in the 3rd quarter worth about $28,000. Cornerstone Planning Group LLC raised its holdings in Grayscale Bitcoin Mini Trust ETF by 498.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 958 shares of the company’s stock worth $29,000 after purchasing an additional 798 shares during the period. Abound Financial LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF in the 4th quarter worth about $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF in the 3rd quarter worth about $34,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Performance

NYSEARCA BTC traded down $1.03 during trading hours on Friday, reaching $34.98. The company’s stock had a trading volume of 1,429,764 shares, compared to its average volume of 3,847,926. Grayscale Bitcoin Mini Trust ETF has a 1-year low of $27.55 and a 1-year high of $55.96. The company’s 50-day moving average is $32.57 and its two-hundred day moving average is $36.42.

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.