Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,437 shares, a drop of 67.0% from the May 31st total of 7,385 shares. Based on an average daily trading volume, of 20,458 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.7% of the company’s stock are short sold.
Grayscale Bitcoin Miners ETF Stock Performance
NYSEARCA MNRS traded down $0.78 during trading on Tuesday, hitting $41.99. The stock had a trading volume of 12,305 shares, compared to its average volume of 9,566. Grayscale Bitcoin Miners ETF has a 12 month low of $23.24 and a 12 month high of $56.46. The company’s 50-day moving average price is $43.40 and its two-hundred day moving average price is $35.75. The company has a market capitalization of $13.86 million, a PE ratio of 9.91 and a beta of 4.47.
Institutional Trading of Grayscale Bitcoin Miners ETF
A number of institutional investors have recently made changes to their positions in MNRS. Group One Trading LLC acquired a new position in Grayscale Bitcoin Miners ETF during the third quarter worth $38,000. Global Retirement Partners LLC increased its stake in Grayscale Bitcoin Miners ETF by 33.9% in the 4th quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock valued at $96,000 after buying an additional 812 shares during the last quarter. Formidable Asset Management LLC increased its stake in Grayscale Bitcoin Miners ETF by 31.3% in the 4th quarter. Formidable Asset Management LLC now owns 10,476 shares of the company’s stock valued at $315,000 after buying an additional 2,500 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Grayscale Bitcoin Miners ETF during the 1st quarter worth about $314,000.
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.
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