Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Short Interest Update

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 14,470 shares, a drop of 64.6% from the May 14th total of 40,902 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 13,595 shares, the short-interest ratio is presently 1.1 days.

Grayscale Bitcoin Covered Call ETF Price Performance

NYSEARCA BTCC traded down $0.23 during trading on Friday, hitting $13.48. 2,346 shares of the company traded hands, compared to its average volume of 17,623. Grayscale Bitcoin Covered Call ETF has a 12 month low of $12.81 and a 12 month high of $37.57. The business has a fifty day simple moving average of $16.10 and a 200 day simple moving average of $18.24.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ulland Investment Advisors LLC boosted its stake in shares of Grayscale Bitcoin Covered Call ETF by 285.2% during the 3rd quarter. Ulland Investment Advisors LLC now owns 2,700 shares of the company’s stock worth $84,000 after buying an additional 1,999 shares during the last quarter. L & S Advisors Inc acquired a new stake in shares of Grayscale Bitcoin Covered Call ETF in the third quarter valued at approximately $354,000. Arete Wealth Advisors LLC bought a new position in Grayscale Bitcoin Covered Call ETF in the first quarter valued at approximately $216,000. Jane Street Group LLC increased its stake in 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 during the last quarter. Finally, OLD Mission Capital LLC grew its stake in shares of Grayscale Bitcoin Covered Call ETF by 372.0% during the fourth quarter. OLD Mission Capital LLC now owns 56,409 shares of the company’s stock worth $1,213,000 after buying an additional 44,458 shares during 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.