Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Stock Falls 1.6% – Here’s Why

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC – Get Free Report)’s stock price traded down 1.6% on Thursday. The company traded as low as $13.16 and last traded at $13.29. Approximately 36,621 shares were traded during mid-day trading, an increase of 82% from the average daily volume of 20,112 shares. The stock had previously closed at $13.50.

Grayscale Bitcoin Covered Call ETF Stock Performance

The company’s fifty day moving average is $13.41 and its 200-day moving average is $14.42.

Institutional Trading of Grayscale Bitcoin Covered Call ETF

An institutional investor recently bought a new position in Grayscale Bitcoin Covered Call ETF stock. Arete Wealth Advisors LLC purchased a new position in Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,900 shares of the company’s stock, valued at approximately $216,000. Arete Wealth Advisors LLC owned approximately 1.40% of Grayscale Bitcoin Covered Call ETF at the end of the most recent quarter.

About Grayscale Bitcoin Covered Call ETF

(Get Free Report)

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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