Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC – Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 40,902 shares, an increase of 126.5% from the April 30th total of 18,057 shares. Based on an average daily volume of 20,108 shares, the short-interest ratio is presently 2.0 days. Currently, 4.1% of the shares of the company are sold short.
Institutional Investors Weigh In On Grayscale Bitcoin Covered Call ETF
Several large investors have recently modified their holdings of the stock. Arete Wealth Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Covered Call ETF during the 1st quarter worth approximately $216,000. OLD Mission Capital LLC raised 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 valued at $1,213,000 after acquiring an additional 44,458 shares during the period. Jane Street Group LLC raised its stake 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 valued at $691,000 after acquiring an additional 6,432 shares during the period. L & S Advisors Inc raised its stake 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 valued at $343,000 after acquiring an additional 4,548 shares during the period. Finally, Ulland Investment Advisors LLC raised its stake in Grayscale Bitcoin Covered Call ETF by 285.2% in the 3rd quarter. Ulland Investment Advisors LLC now owns 2,700 shares of the company’s stock valued at $84,000 after acquiring an additional 1,999 shares during the period.
Grayscale Bitcoin Covered Call ETF Trading Down 2.0%
Shares of BTCC stock traded down $0.31 during trading hours on Tuesday, hitting $15.26. 31,670 shares of the company were exchanged, compared to its average volume of 16,943. The firm has a fifty day simple moving average of $16.53 and a 200 day simple moving average of $18.83. Grayscale Bitcoin Covered Call ETF has a 52-week low of $14.89 and a 52-week high of $37.57.
Grayscale Bitcoin Covered Call ETF Company Profile
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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