Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Stock Price Down 2.7% – What’s Next?

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS)’s share price fell 2.7% on Thursday . The stock traded as low as $42.25 and last traded at $43.76. Approximately 9,057 shares traded hands during trading, a decline of 5% from the average daily volume of 9,558 shares. The stock had previously closed at $44.97.

Grayscale Bitcoin Miners ETF Trading Down 2.7%

The firm has a market capitalization of $14.44 million, a P/E ratio of 9.91 and a beta of 4.47. The stock’s 50-day simple moving average is $43.02 and its 200-day simple moving average is $35.66.

Hedge Funds Weigh In On Grayscale Bitcoin Miners ETF

Institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC increased its position in shares of Grayscale Bitcoin Miners ETF by 33.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock valued at $96,000 after acquiring an additional 812 shares during the last quarter. Formidable Asset Management LLC grew its stake in Grayscale Bitcoin Miners ETF by 31.3% in the 4th quarter. Formidable Asset Management LLC now owns 10,476 shares of the company’s stock valued at $315,000 after purchasing an additional 2,500 shares during the period. Group One Trading LLC bought a new position in Grayscale Bitcoin Miners ETF in the 3rd quarter valued at $38,000. Finally, Jane Street Group LLC purchased a new stake in shares of Grayscale Bitcoin Miners ETF during the 1st quarter valued at $314,000.

Grayscale Bitcoin Miners ETF Company Profile

The Grayscale Bitcoin Miners ETF (MNRS) is an exchange-traded fund that is based on the Indxx Bitcoin Miners index. The fund tracks an index of global companies that generate revenue from bitcoin mining activities or mining related services. Constituents are selected and weighted based on market-cap and revenue tied to the relevant theme. MNRS was launched on Jan 30, 2025 and is issued by Grayscale.