Short Interest in Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Decreases By 64.6%

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 14,470 shares, a decrease of 64.6% from the May 14th total of 40,902 shares. Based on an average daily volume of 13,595 shares, the short-interest ratio is currently 1.1 days. Currently, 1.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Grayscale Bitcoin Covered Call ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BTCC. OLD Mission Capital LLC lifted its stake in shares of 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 last quarter. Arete Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Covered Call ETF in the 1st quarter valued at $216,000. L & S Advisors Inc bought a new position in shares of Grayscale Bitcoin Covered Call ETF in the 3rd quarter valued at $354,000. Jane Street Group LLC lifted its stake in shares of 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 last quarter. Finally, Ulland Investment Advisors LLC lifted its stake in shares of 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 last quarter.

Grayscale Bitcoin Covered Call ETF Stock Performance

NYSEARCA BTCC opened at $13.48 on Friday. The business has a fifty day moving average price of $16.10 and a two-hundred day moving average price of $18.24. Grayscale Bitcoin Covered Call ETF has a fifty-two week low of $12.81 and a fifty-two 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.