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

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 18,057 shares, a growth of 105.9% from the April 15th total of 8,769 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily trading volume, of 10,573 shares, the days-to-cover ratio is presently 1.7 days.

Grayscale Bitcoin Covered Call ETF Price Performance

Shares of BTCC traded down $0.63 during trading hours on Monday, reaching $16.34. The stock had a trading volume of 8,765 shares, compared to its average volume of 17,024. Grayscale Bitcoin Covered Call ETF has a 52 week low of $14.89 and a 52 week high of $37.57. The firm has a 50-day moving average of $16.60 and a 200 day moving average of $19.68.

Institutional Investors Weigh In On Grayscale Bitcoin Covered Call ETF

Hedge funds have recently modified their holdings of the business. Ulland Investment Advisors LLC grew its position in shares of Grayscale Bitcoin Covered Call ETF by 285.2% in the 3rd quarter. Ulland Investment Advisors LLC now owns 2,700 shares of the company’s stock valued at $84,000 after purchasing an additional 1,999 shares during the period. CWM LLC raised its holdings in Grayscale Bitcoin Covered Call ETF by 548.6% during the 3rd quarter. CWM LLC now owns 3,366 shares of the company’s stock worth $104,000 after buying an additional 2,847 shares during the period. L & S Advisors Inc lifted its stake in Grayscale Bitcoin Covered Call ETF by 39.8% in the fourth 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 in the last quarter. Jane Street Group LLC boosted its holdings 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 buying an additional 6,432 shares during the period. Finally, OLD Mission Capital LLC boosted its holdings in shares of Grayscale Bitcoin Covered Call ETF by 372.0% in the fourth quarter. OLD Mission Capital LLC now owns 56,409 shares of the company’s stock valued at $1,213,000 after buying an additional 44,458 shares during the period.

Grayscale Bitcoin Covered Call ETF Company Profile

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.