Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC – Get Free Report)’s share price dropped 0.9% on Thursday . The stock traded as low as $21.31 and last traded at $21.43. Approximately 20,888 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 25,754 shares. The stock had previously closed at $21.62.
Grayscale Bitcoin Covered Call ETF Price Performance
The business’s 50-day simple moving average is $25.03 and its 200-day simple moving average is $31.33.
Institutional Trading of Grayscale Bitcoin Covered Call ETF
A number of institutional investors have recently bought and sold shares of the company. Ulland Investment Advisors LLC increased its position 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 worth $84,000 after purchasing an additional 1,999 shares during the last quarter. CWM LLC grew its stake in shares of Grayscale Bitcoin Covered Call ETF by 548.6% in the 3rd quarter. CWM LLC now owns 3,366 shares of the company’s stock valued at $104,000 after buying an additional 2,847 shares in the last quarter. Pasadena Private Wealth LLC acquired a new position in Grayscale Bitcoin Covered Call ETF in the second quarter worth approximately $319,000. L & S Advisors Inc bought a new position in Grayscale Bitcoin Covered Call ETF during the third quarter valued at approximately $354,000. Finally, MADDEN SECURITIES Corp bought a new position in Grayscale Bitcoin Covered Call ETF during the third quarter valued at approximately $10,627,000.
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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