Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI – Get Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 240 shares, a growth of 211.7% from the May 31st total of 77 shares. Based on an average daily trading volume, of 3,292 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.
Grayscale Bitcoin Premium Income ETF Stock Performance
NYSEARCA:BPI traded up $0.17 during mid-day trading on Friday, hitting $19.68. 2,801 shares of the company’s stock traded hands, compared to its average volume of 1,819. The firm’s 50 day simple moving average is $23.79 and its 200 day simple moving average is $25.74. Grayscale Bitcoin Premium Income ETF has a 1 year low of $19.51 and a 1 year high of $45.36. The company has a market cap of $2.56 million, a PE ratio of 51.79 and a beta of 1.29.
Institutional Trading of Grayscale Bitcoin Premium Income ETF
A hedge fund recently raised its position in Grayscale Bitcoin Premium Income ETF stock. OLD Mission Capital LLC lifted its holdings in shares of Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI – Free Report) by 26.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,113 shares of the company’s stock after purchasing an additional 2,970 shares during the period. OLD Mission Capital LLC owned about 10.86% of Grayscale Bitcoin Premium Income ETF worth $425,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 80.90% of the company’s stock.
Grayscale Bitcoin Premium Income ETF Company Profile
The Grayscale Funds Trust – Bitcoin Premium Income ETF (BPI) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.
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