Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Short Interest Down 36.6% in August

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 457,857 shares, a drop of 36.6% from the August 15th total of 722,534 shares. Based on an average trading volume of 2,644,117 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On Grayscale Bitcoin Mini Trust ETF

A number of institutional investors and hedge funds have recently bought and sold shares of BTC. Mosaic Family Wealth Partners LLC lifted its stake in Grayscale Bitcoin Mini Trust ETF by 3.2% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 11,054 shares of the company’s stock valued at $332,000 after acquiring an additional 338 shares during the period. Global Retirement Partners LLC increased its stake in shares of Grayscale Bitcoin Mini Trust ETF by 2.3% in the fourth quarter. Global Retirement Partners LLC now owns 15,336 shares of the company’s stock worth $594,000 after acquiring an additional 341 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 1.8% during the first quarter. Bleakley Financial Group LLC now owns 24,586 shares of the company’s stock worth $737,000 after purchasing an additional 441 shares during the last quarter. Fortem Financial Group LLC raised its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 5.8% during the first quarter. Fortem Financial Group LLC now owns 8,776 shares of the company’s stock worth $263,000 after purchasing an additional 480 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV lifted its position in Grayscale Bitcoin Mini Trust ETF by 2.6% during the first quarter. Acorn Financial Advisory Services Inc. ADV now owns 23,291 shares of the company’s stock valued at $698,000 after purchasing an additional 589 shares during the period. 27.38% of the stock is owned by institutional investors.

Grayscale Bitcoin Mini Trust ETF Stock Up 5.8%

Shares of NYSEARCA BTC traded up $1.95 during trading hours on Friday, reaching $35.77. The stock had a trading volume of 792,585 shares, compared to its average volume of 2,924,172. The business’s fifty day moving average price is $30.99 and its two-hundred day moving average price is $31.08. Grayscale Bitcoin Mini Trust ETF has a 52-week low of $25.65 and a 52-week high of $55.96.

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.