Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Short Interest Update

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 301,170 shares, a decline of 52.0% from the April 15th total of 627,434 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 1,933,071 shares, the short-interest ratio is currently 0.2 days.

Grayscale Bitcoin Mini Trust ETF Price Performance

BTC stock traded down $1.03 during mid-day trading on Friday, reaching $34.98. 1,429,764 shares of the company traded hands, compared to its average volume of 3,847,926. Grayscale Bitcoin Mini Trust ETF has a fifty-two week low of $27.55 and a fifty-two week high of $55.96. The firm’s 50 day moving average price is $32.57 and its 200 day moving average price is $36.42.

Hedge Funds Weigh In On Grayscale Bitcoin Mini Trust ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in shares of Grayscale Bitcoin Mini Trust ETF by 44.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 57,801 shares of the company’s stock worth $2,926,000 after buying an additional 17,667 shares during the last quarter. Aptus Capital Advisors LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust ETF in the 3rd quarter worth approximately $1,486,000. Gallacher Capital Management LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust ETF in the 3rd quarter worth approximately $2,506,000. Merit Financial Group LLC raised its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 23.2% in the 4th quarter. Merit Financial Group LLC now owns 96,546 shares of the company’s stock worth $3,739,000 after purchasing an additional 18,157 shares during the period. Finally, Austin Wealth Management LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust ETF in the 4th quarter worth approximately $701,000. Hedge funds and other institutional investors own 27.38% of the company’s stock.

About Grayscale Bitcoin Mini Trust ETF

The Grayscale Bitcoin Mini Trust ETF (BTC) is an exchange-traded fund that is based on the CoinDesk Bitcoin Cash Price index. The fund is passively managed, offering exposure to the daily USD spot price of Bitcoin, less expenses and liabilities. An investment in the fund is not a direct investment in Bitcoin. BTC was launched on Jul 31, 2024 and is issued by Grayscale.