Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS – Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 9,814 shares, an increase of 116.1% from the April 30th total of 4,541 shares. Based on an average trading volume of 8,333 shares, the short-interest ratio is presently 1.2 days. Approximately 3.0% of the shares of the stock are short sold.
Grayscale Bitcoin Miners ETF Price Performance
Shares of NYSEARCA:MNRS traded down $0.15 on Tuesday, hitting $50.91. The company’s stock had a trading volume of 36,652 shares, compared to its average volume of 8,872. The company has a 50-day simple moving average of $36.31 and a 200 day simple moving average of $34.19. Grayscale Bitcoin Miners ETF has a 1 year low of $20.54 and a 1 year high of $56.46. The company has a market capitalization of $16.80 million, a PE ratio of 9.91 and a beta of 4.16.
Institutional Trading of Grayscale Bitcoin Miners ETF
A number of hedge funds have recently made changes to their positions in MNRS. Group One Trading LLC bought a new position in shares of Grayscale Bitcoin Miners ETF during the third quarter valued at about $38,000. Global Retirement Partners LLC grew its stake in shares of Grayscale Bitcoin Miners ETF by 33.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock valued at $96,000 after buying an additional 812 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Grayscale Bitcoin Miners ETF during the first quarter valued at about $314,000. Finally, Formidable Asset Management LLC grew its stake in shares of Grayscale Bitcoin Miners ETF by 31.3% during the fourth quarter. Formidable Asset Management LLC now owns 10,476 shares of the company’s stock valued at $315,000 after buying an additional 2,500 shares during the last quarter.
About Grayscale Bitcoin Miners ETF
The Grayscale Bitcoin Miners ETF (MNRS) is an exchange-traded fund that is based on the Indxx Bitcoin Miners index. The fund tracks an index of global companies that generate revenue from bitcoin mining activities or mining related services. Constituents are selected and weighted based on market-cap and revenue tied to the relevant theme. MNRS was launched on Jan 30, 2025 and is issued by Grayscale.
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