Short Interest in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Rises By 504.1%

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIGet Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 447 shares, an increase of 504.1% from the August 15th total of 74 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 1,842 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Grayscale Bitcoin Premium Income ETF stock. Jane Street Group LLC bought a new position in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 7,666 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned 5.90% of Grayscale Bitcoin Premium Income ETF as of its most recent filing with the SEC. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

Grayscale Bitcoin Premium Income ETF Trading Up 0.4%

BPI traded up $0.10 on Friday, hitting $24.37. 209 shares of the company’s stock traded hands, compared to its average volume of 1,722. The firm has a market cap of $3.66 million, a price-to-earnings ratio of 64.13 and a beta of 1.43. Grayscale Bitcoin Premium Income ETF has a one year low of $18.55 and a one year high of $44.01. The company’s 50 day simple moving average is $22.03 and its 200-day simple moving average is $22.99.

About Grayscale Bitcoin Premium Income ETF

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

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