Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC – Get Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 482,516 shares, a growth of 67.2% from the May 14th total of 288,535 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,699,830 shares, the days-to-cover ratio is currently 0.3 days.
Grayscale Bitcoin Mini Trust ETF Stock Up 0.3%
BTC traded up $0.10 during midday trading on Wednesday, hitting $29.14. The company’s stock had a trading volume of 665,450 shares, compared to its average volume of 3,534,299. The firm has a 50-day moving average price of $32.56 and a two-hundred day moving average price of $34.33. Grayscale Bitcoin Mini Trust ETF has a 52-week low of $26.14 and a 52-week high of $55.96.
Institutional Trading of Grayscale Bitcoin Mini Trust ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC grew its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 2.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 10,639 shares of the company’s stock worth $508,000 after purchasing an additional 255 shares during the period. Parallel Advisors LLC grew its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 3.6% during the 3rd quarter. Parallel Advisors LLC now owns 8,933 shares of the company’s stock worth $452,000 after purchasing an additional 308 shares during the period. Almanack Investment Partners LLC. grew its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 1.2% during the 4th quarter. Almanack Investment Partners LLC. now owns 26,700 shares of the company’s stock worth $1,034,000 after purchasing an additional 323 shares during the period. VanderPol Investments L.L.C. grew its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 4.4% during the 4th quarter. VanderPol Investments L.L.C. now owns 7,763 shares of the company’s stock worth $301,000 after purchasing an additional 325 shares during the period. Finally, Mosaic Family Wealth Partners LLC grew its holdings in shares of 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 worth $332,000 after purchasing an additional 338 shares during the period. Hedge funds and other institutional investors own 27.38% of the company’s stock.
About Grayscale Bitcoin Mini Trust ETF
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.
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