Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Sees Significant Growth in Short Interest

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 336 shares, a growth of 441.9% from the June 30th total of 62 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,131 shares, the short-interest ratio is currently 0.2 days.

Grayscale Bitcoin Premium Income ETF Stock Performance

Shares of NYSEARCA BPI opened at $20.77 on Monday. The company has a market capitalization of $3.12 million, a price-to-earnings ratio of 54.66 and a beta of 1.53. Grayscale Bitcoin Premium Income ETF has a twelve month low of $18.55 and a twelve month high of $45.36. The business has a 50 day simple moving average of $21.61 and a 200-day simple moving average of $24.27.

Institutional Trading of Grayscale Bitcoin Premium Income ETF

An institutional investor recently raised its position in Grayscale Bitcoin Premium Income ETF stock. OLD Mission Capital LLC grew its holdings in shares of Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,113 shares of the company’s stock after purchasing an additional 2,970 shares during the period. OLD Mission Capital LLC owned 10.86% of Grayscale Bitcoin Premium Income ETF worth $425,000 as of its most recent SEC filing. Institutional investors own 80.90% of the company’s stock.

About Grayscale Bitcoin Premium Income ETF

The Grayscale Funds Trust – Bitcoin Premium Income ETF (BPI) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.