Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) Short Interest Update

Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 523,899 shares, a decrease of 42.5% from the December 15th total of 910,585 shares. Based on an average trading volume of 4,826,274 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 4,826,274 shares, the short-interest ratio is presently 0.1 days.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of NYSEARCA:GBTC traded down $1.98 during midday trading on Thursday, hitting $74.33. 4,436,479 shares of the company’s stock traded hands, compared to its average volume of 4,665,622. The company has a market cap of $17.89 billion, a PE ratio of 2.23 and a beta of 2.40. The firm’s fifty day moving average price is $71.24 and its two-hundred day moving average price is $83.07. Grayscale Bitcoin Trust ETF has a twelve month low of $59.79 and a twelve month high of $99.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jump Financial LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF during the 3rd quarter valued at about $11,599,000. Ieq Capital LLC boosted its holdings in Grayscale Bitcoin Trust ETF by 400.6% in the 2nd quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock worth $9,612,000 after acquiring an additional 90,675 shares during the period. WESCAP Management Group Inc. acquired a new stake in Grayscale Bitcoin Trust ETF in the second quarter valued at approximately $6,190,000. Global Retirement Partners LLC acquired a new stake in Grayscale Bitcoin Trust ETF in the second quarter valued at approximately $5,398,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Grayscale Bitcoin Trust ETF by 275.2% during the second quarter. Farther Finance Advisors LLC now owns 68,650 shares of the company’s stock valued at $5,824,000 after purchasing an additional 50,355 shares during the period.

About Grayscale Bitcoin Trust ETF

The Grayscale Bitcoin Trust (GBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC). An investment in the fund is not a direct investment in bitcoin. GBTC was launched on Jan 11, 2024 and is issued by Grayscale.