Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Sees Significant Growth in Short Interest

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 45,557 shares, a growth of 87.8% from the June 30th total of 24,261 shares. Based on an average daily volume of 22,843 shares, the short-interest ratio is currently 2.0 days. Approximately 4.2% of the company’s shares are short sold.

Grayscale Bitcoin Covered Call ETF Stock Performance

Grayscale Bitcoin Covered Call ETF stock opened at $13.04 on Friday. Grayscale Bitcoin Covered Call ETF has a 1 year low of $12.31 and a 1 year high of $36.30. The company’s 50-day moving average is $13.54 and its two-hundred day moving average is $16.00.

Institutional Trading of Grayscale Bitcoin Covered Call ETF

A number of institutional investors have recently modified their holdings of the company. Arete Wealth Advisors LLC bought a new position in Grayscale Bitcoin Covered Call ETF in the first quarter valued at approximately $216,000. L & S Advisors Inc grew its stake in Grayscale Bitcoin Covered Call ETF by 39.8% in the 4th quarter. L & S Advisors Inc now owns 15,966 shares of the company’s stock valued at $343,000 after buying an additional 4,548 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Grayscale Bitcoin Covered Call ETF by 25.0% in the fourth quarter. Jane Street Group LLC now owns 32,126 shares of the company’s stock valued at $691,000 after acquiring an additional 6,432 shares in the last quarter. Finally, OLD Mission Capital LLC grew its position in shares of Grayscale Bitcoin Covered Call ETF by 372.0% during the 4th quarter. OLD Mission Capital LLC now owns 56,409 shares of the company’s stock worth $1,213,000 after purchasing an additional 44,458 shares in the last quarter.

About Grayscale Bitcoin Covered Call ETF

The manager seeks to achieve its investment objective primarily through actively-managed exposure to bitcoin ETPs, including, but not limited to, Grayscale Bitcoin Trust ETF and Grayscale Bitcoin Mini Trust ETF and the purchase and sale of a combination of call and put option contracts that utilize Bitcoin ETPs as the reference asset. The fund is non-diversified.