Short Interest in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Rises By 159.8%

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 1,331,250 shares, a growth of 159.8% from the January 15th total of 512,485 shares. Based on an average trading volume of 3,671,593 shares, the short-interest ratio is presently 0.4 days. Currently, 2.0% of the shares of the company are short sold. Currently, 2.0% of the shares of the company are short sold. Based on an average trading volume of 3,671,593 shares, the short-interest ratio is presently 0.4 days.

Grayscale Bitcoin Mini Trust ETF Price Performance

Grayscale Bitcoin Mini Trust ETF stock traded up $1.52 during midday trading on Friday, hitting $30.43. The company’s stock had a trading volume of 3,675,090 shares, compared to its average volume of 4,568,779. Grayscale Bitcoin Mini Trust ETF has a 1-year low of $27.55 and a 1-year high of $55.96. The company has a 50-day moving average price of $37.98 and a two-hundred day moving average price of $44.69.

Institutional Investors Weigh In On Grayscale Bitcoin Mini Trust ETF

A number of large investors have recently added to or reduced their stakes in the stock. Redhawk Wealth Advisors Inc. increased its holdings in Grayscale Bitcoin Mini Trust ETF by 51.1% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 151,358 shares of the company’s stock valued at $7,663,000 after buying an additional 51,217 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Grayscale Bitcoin Mini Trust ETF by 16,175.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 32,389 shares of the company’s stock worth $1,547,000 after acquiring an additional 32,190 shares in the last quarter. Peak Financial Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Mini Trust ETF during the 3rd quarter worth approximately $2,565,000. Quadcap Wealth Management LLC raised its position in Grayscale Bitcoin Mini Trust ETF by 39.3% during the second quarter. Quadcap Wealth Management LLC now owns 66,825 shares of the company’s stock valued at $3,191,000 after purchasing an additional 18,845 shares in the last quarter. Finally, SteelPeak Wealth LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF during the third quarter valued at approximately $30,477,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Company Profile

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.