Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS – Get Free Report) was the recipient of a significant decrease in short interest in 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. Based on an average trading volume of 4,716 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the company’s stock are short sold.
Grayscale Bitcoin Miners ETF Stock Up 2.1%
Shares of Grayscale Bitcoin Miners ETF stock traded up $0.69 during midday trading on Wednesday, hitting $33.73. The company had a trading volume of 2,948 shares, compared to its average volume of 8,545. The company has a fifty day simple moving average of $34.80 and a 200 day simple moving average of $36.46. The stock has a market cap of $33.70 million, a price-to-earnings ratio of 9.91 and a beta of 4.58. Grayscale Bitcoin Miners ETF has a 12-month low of $23.24 and a 12-month high of $56.46.
Hedge Funds Weigh In On Grayscale Bitcoin Miners ETF
An institutional investor recently raised its stake in Grayscale Bitcoin Miners ETF stock. Global Retirement Partners LLC boosted its stake in shares of Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS – Free Report) by 33.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,208 shares of the company’s stock after purchasing an additional 812 shares during the period. Global Retirement Partners LLC owned approximately 0.97% of Grayscale Bitcoin Miners ETF worth $96,000 at the end of the most recent quarter.
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.
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