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

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 9,814 shares, an increase of 116.1% from the April 30th total of 4,541 shares. Based on an average daily trading volume, of 8,333 shares, the days-to-cover ratio is presently 1.2 days. Currently, 3.0% of the company’s stock are sold short.

Grayscale Bitcoin Miners ETF Stock Performance

Shares of MNRS stock traded down $0.72 during trading hours on Friday, reaching $49.64. The company had a trading volume of 12,683 shares, compared to its average volume of 8,546. Grayscale Bitcoin Miners ETF has a twelve month low of $20.19 and a twelve month high of $56.46. The company has a market capitalization of $16.38 million, a P/E ratio of 9.91 and a beta of 4.16. The stock’s fifty day simple moving average is $35.86 and its 200 day simple moving average is $34.19.

Institutional Investors Weigh In On Grayscale Bitcoin Miners ETF

A number of large investors have recently modified their holdings of the stock. Formidable Asset Management LLC grew its stake in 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 valued at $315,000 after purchasing an additional 2,500 shares in the last quarter. Group One Trading LLC acquired a new stake in Grayscale Bitcoin Miners ETF during the 3rd quarter valued at approximately $38,000. Jane Street Group LLC acquired a new stake in Grayscale Bitcoin Miners ETF during the 1st quarter valued at approximately $314,000. Finally, Global Retirement Partners LLC grew its stake in Grayscale Bitcoin Miners ETF by 33.9% during the 4th quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock valued at $96,000 after purchasing an additional 812 shares in the last quarter.

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.