Short Interest in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Increases By 67.2%

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 482,516 shares, a growth of 67.2% from the May 14th total of 288,535 shares. Based on an average daily volume of 1,699,830 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the company’s stock are short sold.

Grayscale Bitcoin Mini Trust ETF Stock Down 1.3%

Shares of Grayscale Bitcoin Mini Trust ETF stock traded down $0.39 during trading hours on Tuesday, reaching $29.04. The company’s stock had a trading volume of 907,212 shares, compared to its average volume of 3,559,483. The stock’s fifty day simple moving average is $32.57 and its two-hundred day simple moving average is $34.40. Grayscale Bitcoin Mini Trust ETF has a one year low of $26.14 and a one year high of $55.96.

Hedge Funds Weigh In On Grayscale Bitcoin Mini Trust ETF

Several large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in shares of Grayscale Bitcoin Mini Trust ETF by 157.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,472,684 shares of the company’s stock valued at $57,037,000 after buying an additional 900,987 shares during the last quarter. Paragon Advisors LLC purchased a new stake in Grayscale Bitcoin Mini Trust ETF in the 4th quarter valued at $25,913,000. Millennium Management LLC lifted its stake in Grayscale Bitcoin Mini Trust ETF by 26.7% during the 4th quarter. Millennium Management LLC now owns 3,167,718 shares of the company’s stock valued at $122,686,000 after acquiring an additional 667,553 shares in the last quarter. Emory University boosted its holdings in Grayscale Bitcoin Mini Trust ETF by 91.0% during the 3rd quarter. Emory University now owns 1,023,417 shares of the company’s stock worth $51,816,000 after acquiring an additional 487,636 shares during the last quarter. Finally, NewEdge Wealth LLC boosted its holdings in Grayscale Bitcoin Mini Trust ETF by 3,052.8% during the 1st quarter. NewEdge Wealth LLC now owns 383,564 shares of the company’s stock worth $11,503,000 after acquiring an additional 371,398 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Company Profile

The Grayscale Bitcoin Mini Trust ETF (BTC) is an exchange-traded fund that is based on the CoinDesk Bitcoin Cash Price index. The fund is passively managed, offering exposure to the daily USD spot price of Bitcoin, less expenses and liabilities. An investment in the fund is not a direct investment in Bitcoin. BTC was launched on Jul 31, 2024 and is issued by Grayscale.