Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC – Get Free Report) shares shot up 0.8% during mid-day trading on Thursday . The company traded as high as $13.27 and last traded at $13.25. Approximately 21,833 shares were traded during trading, an increase of 21% from the average daily volume of 18,096 shares. The stock had previously closed at $13.15.
Grayscale Bitcoin Covered Call ETF Price Performance
The company has a 50-day simple moving average of $13.11 and a 200 day simple moving average of $15.11.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. OLD Mission Capital LLC grew its position in shares of Grayscale Bitcoin Covered Call ETF by 372.0% during the 4th quarter. OLD Mission Capital LLC now owns 56,409 shares of the company’s stock worth $1,213,000 after buying an additional 44,458 shares in the last quarter. Jane Street Group LLC grew its holdings in Grayscale Bitcoin Covered Call ETF by 25.0% during the 4th quarter. Jane Street Group LLC now owns 32,126 shares of the company’s stock worth $691,000 after acquiring an additional 6,432 shares in the last quarter. L & S Advisors Inc grew its holdings in Grayscale Bitcoin Covered Call ETF by 39.8% during the 4th quarter. L & S Advisors Inc now owns 15,966 shares of the company’s stock worth $343,000 after acquiring an additional 4,548 shares in the last quarter. Finally, Arete Wealth Advisors LLC purchased a new position in Grayscale Bitcoin Covered Call ETF during the 1st quarter valued at about $216,000.
Grayscale Bitcoin Covered Call ETF Company Profile
The manager seeks to achieve its investment objective primarily through actively-managed exposure to bitcoin ETPs, including, but not limited to, Grayscale Bitcoin Trust ETF and Grayscale Bitcoin Mini Trust ETF and the purchase and sale of a combination of call and put option contracts that utilize Bitcoin ETPs as the reference asset. The fund is non-diversified.
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