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

by · The Markets Daily

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 40,902 shares, a growth of 126.5% from the April 30th total of 18,057 shares. Currently, 4.1% of the company’s stock are sold short. Based on an average daily volume of 20,108 shares, the days-to-cover ratio is presently 2.0 days.

Grayscale Bitcoin Covered Call ETF Price Performance

Shares of NYSEARCA BTCC traded down $0.31 during mid-day trading on Monday, reaching $15.26. The company had a trading volume of 31,670 shares, compared to its average volume of 16,943. The stock has a fifty day moving average of $16.53 and a two-hundred day moving average of $18.83. Grayscale Bitcoin Covered Call ETF has a 12-month low of $14.89 and a 12-month high of $37.57.

Hedge Funds Weigh In On Grayscale Bitcoin Covered Call ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ulland Investment Advisors LLC lifted its stake in Grayscale Bitcoin Covered Call ETF by 285.2% in the third quarter. Ulland Investment Advisors LLC now owns 2,700 shares of the company’s stock valued at $84,000 after acquiring an additional 1,999 shares during the last quarter. L & S Advisors Inc lifted its stake in Grayscale Bitcoin Covered Call ETF by 39.8% in the fourth quarter. L & S Advisors Inc now owns 15,966 shares of the company’s stock valued at $343,000 after acquiring an additional 4,548 shares during the last quarter. Jane Street Group LLC lifted its stake in Grayscale Bitcoin Covered Call ETF by 25.0% in the fourth quarter. Jane Street Group LLC now owns 32,126 shares of the company’s stock valued at $691,000 after acquiring an additional 6,432 shares during the last quarter. Arete Wealth Advisors LLC acquired a new stake in Grayscale Bitcoin Covered Call ETF in the first quarter valued at approximately $216,000. Finally, OLD Mission Capital LLC lifted its stake 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 valued at $1,213,000 after acquiring an additional 44,458 shares during the last quarter.

About Grayscale Bitcoin Covered Call ETF

(Get Free Report)

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.

Read More