Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Sees Significant Decrease in Short Interest

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 181 shares, a decline of 46.1% from the July 15th total of 336 shares. Based on an average daily volume of 543 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Grayscale Bitcoin Premium Income ETF stock. Jane Street Group LLC bought a new stake in shares of Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 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 as of its most recent SEC filing. 80.90% of the stock is owned by institutional investors.

Grayscale Bitcoin Premium Income ETF Stock Up 2.2%

BPI stock traded up $0.44 during midday trading on Monday, hitting $20.68. 1,699 shares of the company traded hands, compared to its average volume of 1,772. Grayscale Bitcoin Premium Income ETF has a twelve month low of $18.55 and a twelve month high of $44.01. The business has a 50 day simple moving average of $20.62 and a 200-day simple moving average of $23.12. The stock has a market capitalization of $3.10 million, a price-to-earnings ratio of 54.42 and a beta of 1.37.

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.