Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Short Interest Update

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 6,295 shares, a decline of 32.1% from the January 15th total of 9,268 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average trading volume of 11,150 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 11,150 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.9% of the shares of the company are sold short.

Grayscale Bitcoin Miners ETF Stock Performance

NYSEARCA:MNRS traded up $0.70 during mid-day trading on Friday, reaching $31.22. 4,608 shares of the company’s stock were exchanged, compared to its average volume of 10,214. Grayscale Bitcoin Miners ETF has a one year low of $14.38 and a one year high of $56.46. The business’s fifty day simple moving average is $34.03 and its two-hundred day simple moving average is $36.12. The firm has a market capitalization of $10.30 million, a PE ratio of 9.91 and a beta of 6.51.

Institutional Investors Weigh In On Grayscale Bitcoin Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MNRS. Group One Trading LLC bought a new stake in shares of Grayscale Bitcoin Miners ETF in the third quarter valued at approximately $38,000. Global Retirement Partners LLC raised its holdings in Grayscale Bitcoin Miners ETF by 33.9% in the 4th 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 in the last quarter. Jane Street Group LLC bought a new stake in shares of Grayscale Bitcoin Miners ETF during the 1st quarter valued at $314,000. Finally, Formidable Asset Management LLC grew its holdings in shares of Grayscale Bitcoin Miners ETF by 31.3% during the 4th quarter. Formidable Asset Management LLC now owns 10,476 shares of the company’s stock worth $315,000 after purchasing an additional 2,500 shares in the last quarter.

About Grayscale Bitcoin Miners ETF

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.