Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 45,557 shares, a growth of 87.8% from the June 30th total of 24,261 shares. Approximately 4.2% of the shares of the stock are sold short. Based on an average daily volume of 22,843 shares, the short-interest ratio is currently 2.0 days.
Grayscale Bitcoin Covered Call ETF Stock Up 0.3%
Shares of Grayscale Bitcoin Covered Call ETF stock opened at $13.19 on Thursday. Grayscale Bitcoin Covered Call ETF has a fifty-two week low of $12.31 and a fifty-two week high of $36.30. The company has a fifty day moving average of $13.67 and a 200 day moving average of $16.08.
Institutional Trading of Grayscale Bitcoin Covered Call ETF
Several institutional investors have recently made changes to their positions in BTCC. Arete Wealth Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Covered Call ETF during the first quarter worth about $216,000. L & S Advisors Inc lifted its holdings in Grayscale Bitcoin Covered Call ETF by 39.8% in the 4th quarter. L & S Advisors Inc now owns 15,966 shares of the company’s stock worth $343,000 after purchasing an additional 4,548 shares in the last quarter. Jane Street Group LLC lifted its holdings in Grayscale Bitcoin Covered Call ETF by 25.0% in the 4th quarter. Jane Street Group LLC now owns 32,126 shares of the company’s stock worth $691,000 after purchasing an additional 6,432 shares in the last quarter. Finally, OLD Mission Capital LLC boosted its stake in Grayscale Bitcoin Covered Call ETF by 372.0% in the 4th quarter. OLD Mission Capital LLC now owns 56,409 shares of the company’s stock worth $1,213,000 after purchasing an additional 44,458 shares during the period.
About Grayscale Bitcoin Covered Call ETF
The manager seeks to achieve its investment objective primarily through actively-managed exposure to bitcoin ETPs, including, but not limited to, Grayscale Bitcoin Trust ETF and Grayscale Bitcoin Mini Trust ETF and the purchase and sale of a combination of call and put option contracts that utilize Bitcoin ETPs as the reference asset. The fund is non-diversified.
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