Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Trading Down 2.1% – What’s Next?

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC)’s stock price was down 2.1% during mid-day trading on Wednesday . The stock traded as low as $16.42 and last traded at $16.50. Approximately 20,976 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 20,267 shares. The stock had previously closed at $16.86.

Grayscale Bitcoin Covered Call ETF Price Performance

The business has a 50 day moving average price of $17.92 and a 200 day moving average price of $23.67.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BTCC. OLD Mission Capital LLC boosted its position 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 acquiring an additional 44,458 shares during the period. Jane Street Group LLC increased its position in Grayscale Bitcoin Covered Call ETF by 25.0% during the fourth quarter. Jane Street Group LLC now owns 32,126 shares of the company’s stock worth $691,000 after acquiring an additional 6,432 shares during the period. L & S Advisors Inc increased its position in Grayscale Bitcoin Covered Call ETF by 39.8% during the fourth quarter. L & S Advisors Inc now owns 15,966 shares of the company’s stock worth $343,000 after acquiring an additional 4,548 shares during the period. Ulland Investment Advisors LLC raised its stake in 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 valued at $84,000 after purchasing an additional 1,999 shares during the last quarter. Finally, MADDEN SECURITIES Corp acquired a new position in Grayscale Bitcoin Covered Call ETF during the 3rd quarter valued at $10,627,000.

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.