Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Short Interest Update

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 45,557 shares, an increase of 87.8% from the June 30th total of 24,261 shares. Based on an average trading volume of 22,843 shares, the days-to-cover ratio is presently 2.0 days. Approximately 4.2% of the shares of the stock are short sold.

Grayscale Bitcoin Covered Call ETF Price Performance

NYSEARCA BTCC traded down $0.09 on Friday, reaching $13.04. The company’s stock had a trading volume of 20,832 shares, compared to its average volume of 17,940. Grayscale Bitcoin Covered Call ETF has a twelve month low of $12.31 and a twelve month high of $36.30. The firm’s 50 day moving average is $13.60 and its two-hundred day moving average is $16.02.

Institutional Trading of Grayscale Bitcoin Covered Call ETF

Large investors have recently added to or reduced their stakes in the business. OLD Mission Capital LLC grew its position in Grayscale Bitcoin Covered Call ETF by 372.0% in the fourth 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 during the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of Grayscale Bitcoin Covered Call ETF during the 1st quarter worth $216,000. Jane Street Group LLC boosted its stake in shares of 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. Finally, L & S Advisors Inc grew its holdings in shares of Grayscale Bitcoin Covered Call ETF by 39.8% in 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 during the last quarter.

About Grayscale Bitcoin Covered Call ETF

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.