Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Short Interest Down 74.2% in June

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 62 shares, a drop of 74.2% from the June 15th total of 240 shares. Based on an average trading volume of 3,730 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Grayscale Bitcoin Premium Income ETF

A hedge fund recently bought a new stake in Grayscale Bitcoin Premium Income ETF stock. Jane Street Group LLC purchased a new position in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,666 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned 5.90% of Grayscale Bitcoin Premium Income ETF at the end of the most recent reporting period. 80.90% of the stock is owned by institutional investors and hedge funds.

Grayscale Bitcoin Premium Income ETF Stock Performance

Shares of NYSEARCA BPI remained flat at $20.86 during trading on Monday. 269 shares of the company’s stock traded hands, compared to its average volume of 1,911. Grayscale Bitcoin Premium Income ETF has a 52 week low of $18.55 and a 52 week high of $45.36. The stock has a market cap of $3.13 million, a P/E ratio of 54.89 and a beta of 1.53. The stock has a 50-day moving average price of $22.74 and a two-hundred day moving average price of $24.95.

Grayscale Bitcoin Premium Income ETF Company Profile

The Grayscale Funds Trust – Bitcoin Premium Income ETF (BPI) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.