Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Sees Significant Decrease in Short Interest

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,873 shares, a decrease of 54.2% from the August 15th total of 4,091 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 4,716 shares, the short-interest ratio is currently 0.4 days.

Grayscale Bitcoin Miners ETF Price Performance

MNRS stock opened at $35.72 on Monday. The business has a fifty day moving average price of $34.96 and a 200 day moving average price of $36.42. Grayscale Bitcoin Miners ETF has a fifty-two week low of $23.24 and a fifty-two week high of $56.46. The stock has a market capitalization of $12.50 million, a price-to-earnings ratio of 9.91 and a beta of 4.58.

Institutional Trading of Grayscale Bitcoin Miners ETF

Several large investors have recently made changes to their positions in the business. Group One Trading LLC acquired a new stake in shares of Grayscale Bitcoin Miners ETF in the third quarter valued at $38,000. Global Retirement Partners LLC lifted its position in Grayscale Bitcoin Miners ETF by 33.9% during the 4th quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock worth $96,000 after buying an additional 812 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Grayscale Bitcoin Miners ETF during the 1st quarter worth about $314,000.

About Grayscale Bitcoin Miners ETF

The Grayscale Bitcoin Miners ETF (MNRS) is an exchange-traded fund that is based on the Indxx Bitcoin Miners index. The fund tracks an index of global companies that generate revenue from bitcoin mining activities or mining related services. Constituents are selected and weighted based on market-cap and revenue tied to the relevant theme. MNRS was launched on Jan 30, 2025 and is issued by Grayscale.