Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI – Get Free Report) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 77 shares, a decline of 86.3% from the May 14th total of 560 shares. Based on an average trading volume of 1,002 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.
Grayscale Bitcoin Premium Income ETF Price Performance
Shares of NYSEARCA:BPI traded up $0.52 during trading on Thursday, reaching $21.07. The stock had a trading volume of 5,421 shares, compared to its average volume of 1,710. Grayscale Bitcoin Premium Income ETF has a 52 week low of $19.96 and a 52 week high of $45.36. The business’s 50-day moving average price is $24.48 and its 200 day moving average price is $26.53. The stock has a market capitalization of $2.74 million, a PE ratio of 55.45 and a beta of 1.29.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Grayscale Bitcoin Premium Income ETF stock. OLD Mission Capital LLC grew its position in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI – Free Report) by 26.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,113 shares of the company’s stock after acquiring an additional 2,970 shares during the period. OLD Mission Capital LLC owned 10.86% of Grayscale Bitcoin Premium Income ETF worth $425,000 at the end of the most recent reporting period. 80.90% of the stock is currently owned by institutional investors.
About Grayscale Bitcoin Premium Income ETF
The Grayscale Funds Trust – Bitcoin Premium Income ETF (BPI) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.
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