Shares of Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC – Get Free Report) traded up 0.5% during trading on Friday . The stock traded as high as $13.23 and last traded at $13.12. 13,122 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 18,094 shares. The stock had previously closed at $13.06.
Grayscale Bitcoin Covered Call ETF Stock Performance
The company’s 50 day moving average price is $14.70 and its 200 day moving average price is $16.91.
Hedge Funds Weigh In On Grayscale Bitcoin Covered Call ETF
Several hedge funds have recently bought and sold shares of BTCC. OLD Mission Capital LLC lifted its position in shares of Grayscale Bitcoin Covered Call ETF by 372.0% in the fourth quarter. OLD Mission Capital LLC now owns 56,409 shares of the company’s stock worth $1,213,000 after buying an additional 44,458 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of Grayscale Bitcoin Covered Call ETF during the 1st quarter valued at about $216,000. Jane Street Group LLC raised its stake in shares of Grayscale Bitcoin Covered Call ETF by 25.0% in the 4th quarter. Jane Street Group LLC now owns 32,126 shares of the company’s stock valued at $691,000 after acquiring an additional 6,432 shares in the last quarter. Finally, L & S Advisors Inc raised its stake in shares of Grayscale Bitcoin Covered Call ETF by 39.8% in the 4th quarter. L & S Advisors Inc now owns 15,966 shares of the company’s stock valued at $343,000 after acquiring an additional 4,548 shares in the last quarter.
Grayscale Bitcoin Covered Call ETF Company Profile
The manager seeks to achieve its investment objective primarily through actively-managed exposure to bitcoin ETPs, including, but not limited to, Grayscale Bitcoin Trust ETF and Grayscale Bitcoin Mini Trust ETF and the purchase and sale of a combination of call and put option contracts that utilize Bitcoin ETPs as the reference asset. The fund is non-diversified.
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