Short Interest in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Declines By 46.1%

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 181 shares, a drop of 46.1% from the July 15th total of 336 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 543 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Grayscale Bitcoin Premium Income ETF

A hedge fund recently raised its stake 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% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,113 shares of the company’s stock after acquiring an additional 2,970 shares during the quarter. OLD Mission Capital LLC owned about 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.

Grayscale Bitcoin Premium Income ETF Trading Up 0.5%

Shares of NYSEARCA:BPI opened at $20.79 on Wednesday. The firm’s 50 day moving average is $20.62 and its two-hundred day moving average is $22.98. The firm has a market capitalization of $3.12 million, a P/E ratio of 54.71 and a beta of 1.37. Grayscale Bitcoin Premium Income ETF has a 52 week low of $18.55 and a 52 week high of $44.01.

Grayscale Bitcoin Premium Income ETF Company Profile

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