Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Sees Large Drop in Short Interest

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

Grayscale Bitcoin Miners ETF Price Performance

Shares of NYSEARCA:MNRS opened at $31.22 on Monday. The firm has a market capitalization of $10.30 million, a price-to-earnings ratio of 9.91 and a beta of 6.51. The business’s 50 day simple moving average is $34.03 and its 200-day simple moving average is $36.25. Grayscale Bitcoin Miners ETF has a 12 month low of $14.38 and a 12 month high of $56.46.

Institutional Trading of Grayscale Bitcoin Miners ETF

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of Grayscale Bitcoin Miners ETF in the first quarter valued at $314,000. 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 acquiring an additional 2,500 shares during the last quarter. Global Retirement Partners LLC grew its stake 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 during the last quarter. Finally, Group One Trading LLC purchased a new position in Grayscale Bitcoin Miners ETF during the 3rd quarter valued at about $38,000.

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.