Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Short Interest Up 22.9% in January

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 9,268 shares, a growth of 22.9% from the December 31st total of 7,542 shares. Currently, 2.8% of the company’s stock are sold short. Based on an average daily volume of 7,382 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 7,382 shares, the days-to-cover ratio is currently 1.3 days. Currently, 2.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in Grayscale Bitcoin Miners ETF in the 1st quarter worth approximately $314,000. Global Retirement Partners LLC raised its position in shares of Grayscale Bitcoin Miners ETF by 22.1% in the third quarter. Global Retirement Partners LLC now owns 2,396 shares of the company’s stock valued at $97,000 after purchasing an additional 434 shares during the period. Formidable Asset Management LLC bought a new stake in shares of Grayscale Bitcoin Miners ETF during the 3rd quarter worth $323,000. Finally, Group One Trading LLC acquired a new position in Grayscale Bitcoin Miners ETF in the 3rd quarter valued at $38,000.

Grayscale Bitcoin Miners ETF Price Performance

NYSEARCA:MNRS traded up $1.17 during trading hours on Tuesday, reaching $35.05. The company’s stock had a trading volume of 1,492 shares, compared to its average volume of 9,108. The company has a market cap of $11.57 million, a price-to-earnings ratio of 9.91 and a beta of 6.51. Grayscale Bitcoin Miners ETF has a one year low of $14.38 and a one year high of $56.46. The business’s 50-day moving average is $34.84 and its 200-day moving average is $36.04.

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.