Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Short Interest Update

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 303,378 shares, a decrease of 43.7% from the November 30th total of 538,414 shares. Based on an average daily volume of 2,538,867 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 2,538,867 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BTC. McIlrath & Eck LLC grew its position in Grayscale Bitcoin Mini Trust ETF by 177.2% during the 3rd quarter. McIlrath & Eck LLC now owns 499 shares of the company’s stock worth $25,000 after purchasing an additional 319 shares during the period. ORG Partners LLC boosted its stake in shares of Grayscale Bitcoin Mini Trust ETF by 1,402.6% in the second quarter. ORG Partners LLC now owns 571 shares of the company’s stock worth $27,000 after buying an additional 533 shares during the last quarter. Strategic Advocates LLC acquired a new stake in Grayscale Bitcoin Mini Trust ETF during the third quarter worth about $28,000. Laurel Wealth Advisors LLC raised its position in Grayscale Bitcoin Mini Trust ETF by 4,678.6% during the second quarter. Laurel Wealth Advisors LLC now owns 669 shares of the company’s stock valued at $32,000 after acquiring an additional 655 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in Grayscale Bitcoin Mini Trust ETF during the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Performance

Shares of BTC traded up $0.13 during mid-day trading on Friday, hitting $38.74. 2,429,127 shares of the company traded hands, compared to its average volume of 1,526,436. The business has a 50 day moving average of $42.47 and a 200 day moving average of $47.54. Grayscale Bitcoin Mini Trust ETF has a 1-year low of $33.53 and a 1-year high of $55.96.

Grayscale Bitcoin Mini Trust ETF Company Profile

The Grayscale Bitcoin Mini Trust ETF (BTC) is an exchange-traded fund that is based on the CoinDesk Bitcoin Cash Price index. The fund is passively managed, offering exposure to the daily USD spot price of Bitcoin, less expenses and liabilities. An investment in the fund is not a direct investment in Bitcoin. BTC was launched on Jul 31, 2024 and is issued by Grayscale.