Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Sees Significant Decrease in Short Interest

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIGet Free Report) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 181 shares, a decrease of 46.1% from the July 15th total of 336 shares. Based on an average daily volume of 543 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Grayscale Bitcoin Premium Income ETF

An institutional investor recently raised its position in Grayscale Bitcoin Premium Income ETF stock. OLD Mission Capital LLC lifted its stake in shares of Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIFree Report) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,113 shares of the company’s stock after acquiring an additional 2,970 shares during the quarter. OLD Mission Capital LLC owned about 10.86% of Grayscale Bitcoin Premium Income ETF worth $425,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 80.90% of the company’s stock.

Grayscale Bitcoin Premium Income ETF Stock Performance

Shares of Grayscale Bitcoin Premium Income ETF stock traded up $0.44 during midday trading on Monday, reaching $20.68. 1,699 shares of the company’s stock traded hands, compared to its average volume of 1,772. Grayscale Bitcoin Premium Income ETF has a 52 week low of $18.55 and a 52 week high of $44.01. The company’s 50 day simple moving average is $20.62 and its 200 day simple moving average is $23.12. The company has a market cap of $3.10 million, a price-to-earnings ratio of 54.42 and a beta of 1.37.

About Grayscale Bitcoin Premium Income ETF

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The Grayscale Funds Trust – Bitcoin Premium Income ETF (BPI) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.

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