Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Short Interest Down 54.2% in August

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,873 shares, a decline of 54.2% from the August 15th total of 4,091 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 4,716 shares, the days-to-cover ratio is presently 0.4 days.

Grayscale Bitcoin Miners ETF Stock Down 4.1%

Shares of NYSEARCA MNRS traded down $1.41 during trading on Tuesday, reaching $33.04. The company had a trading volume of 3,282 shares, compared to its average volume of 8,578. The stock has a market cap of $11.56 million, a P/E ratio of 9.91 and a beta of 4.58. The company’s fifty day moving average price is $34.87 and its 200-day moving average price is $36.44. Grayscale Bitcoin Miners ETF has a 12 month low of $23.24 and a 12 month high of $56.46.

Institutional Trading of Grayscale Bitcoin Miners ETF

A hedge fund recently raised its position in Grayscale Bitcoin Miners ETF stock. Global Retirement Partners LLC grew its position in shares of Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) by 33.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,208 shares of the company’s stock after purchasing an additional 812 shares during the quarter. Global Retirement Partners LLC owned about 0.97% of Grayscale Bitcoin Miners ETF worth $96,000 as of its most recent SEC filing.

About Grayscale Bitcoin Miners ETF

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.