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

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 336 shares, an increase of 441.9% from the June 30th total of 62 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 2,131 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Grayscale Bitcoin Premium Income ETF

A hedge fund recently raised its stake in Grayscale Bitcoin Premium Income ETF stock. OLD Mission Capital LLC raised its position in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) by 26.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,113 shares of the company’s stock after buying 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 at the end of the most recent quarter. 80.90% of the stock is owned by institutional investors.

Grayscale Bitcoin Premium Income ETF Stock Performance

Shares of NYSEARCA BPI traded down $0.15 during mid-day trading on Friday, reaching $20.77. The company had a trading volume of 21 shares, compared to its average volume of 1,791. Grayscale Bitcoin Premium Income ETF has a one year low of $18.55 and a one year high of $45.36. The firm has a market cap of $3.12 million, a price-to-earnings ratio of 54.66 and a beta of 1.53. The business’s 50-day simple moving average is $21.61 and its 200 day simple moving average is $24.32.

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.