Short Interest in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Drops By 59.1%

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 74 shares, a decrease of 59.1% from the July 30th total of 181 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,972 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Grayscale Bitcoin Premium Income ETF

An institutional investor recently bought a new stake in Grayscale Bitcoin Premium Income ETF stock. Jane Street Group LLC bought a new position in shares of Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,666 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned approximately 5.90% of Grayscale Bitcoin Premium Income ETF at the end of the most recent quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

Grayscale Bitcoin Premium Income ETF Price Performance

Shares of BPI stock opened at $24.92 on Friday. The company has a market capitalization of $3.74 million, a price-to-earnings ratio of 65.58 and a beta of 1.37. Grayscale Bitcoin Premium Income ETF has a one year low of $18.55 and a one year high of $44.01. The company’s fifty day moving average price is $21.03 and its 200-day moving average price is $22.88.

Grayscale Bitcoin Premium Income ETF Company Profile

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