Short Interest in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Declines By 60.0%

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 659,192 shares, a decline of 60.0% from the February 12th total of 1,646,052 shares. Based on an average daily volume of 6,316,506 shares, the short-interest ratio is currently 0.1 days. Currently, 1.0% of the shares of the company are sold short. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 6,316,506 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Grayscale Bitcoin Mini Trust ETF

Hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC grew its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 216.6% in the fourth quarter. Corient Private Wealth LLC now owns 24,454 shares of the company’s stock worth $947,000 after purchasing an additional 16,731 shares during the last quarter. Sankala Group LLC bought a new stake in Grayscale Bitcoin Mini Trust ETF during the 4th quarter valued at about $351,000. Thryve Wealth Management LLC purchased a new stake in Grayscale Bitcoin Mini Trust ETF in the 4th quarter valued at about $1,725,000. Virtu Financial LLC boosted its position in Grayscale Bitcoin Mini Trust ETF by 662.8% in the 4th quarter. Virtu Financial LLC now owns 38,697 shares of the company’s stock valued at $1,499,000 after buying an additional 33,624 shares during the period. Finally, Mcguire Capital Advisors Inc. bought a new position in Grayscale Bitcoin Mini Trust ETF in the 4th quarter worth about $138,000. 27.38% of the stock is currently owned by hedge funds and other institutional investors.

Grayscale Bitcoin Mini Trust ETF Stock Up 1.0%

Grayscale Bitcoin Mini Trust ETF stock traded up $0.32 during midday trading on Friday, reaching $31.50. 4,992,605 shares of the company traded hands, compared to its average volume of 5,137,591. The business has a 50 day moving average of $34.62 and a two-hundred day moving average of $41.88. Grayscale Bitcoin Mini Trust ETF has a 12 month low of $27.55 and a 12 month high of $55.96.

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.