Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Short Interest Update

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 240 shares, a growth of 211.7% from the May 31st total of 77 shares. Based on an average daily trading volume, of 3,292 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Grayscale Bitcoin Premium Income ETF Price Performance

Shares of BPI stock traded up $0.04 during trading hours on Monday, reaching $19.72. 7,622 shares of the company were exchanged, compared to its average volume of 1,867. The stock’s fifty day moving average is $23.79 and its two-hundred day moving average is $25.70. Grayscale Bitcoin Premium Income ETF has a fifty-two week low of $18.55 and a fifty-two week high of $45.36. The company has a market cap of $2.56 million, a price-to-earnings ratio of 51.89 and a beta of 1.29.

Hedge Funds Weigh In On Grayscale Bitcoin Premium Income ETF

A hedge fund recently bought a new position in Grayscale Bitcoin Premium Income ETF stock. Jane Street Group LLC purchased a new position in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,666 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned about 5.90% of Grayscale Bitcoin Premium Income ETF as of its most recent SEC filing. Institutional investors and hedge funds own 80.90% of the company’s stock.

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.