Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Sees Large Growth in Short Interest

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 1,646,052 shares, an increase of 23.6% from the January 29th total of 1,331,250 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average trading volume of 7,076,266 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 7,076,266 shares, the short-interest ratio is currently 0.2 days. Currently, 2.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Grayscale Bitcoin Mini Trust ETF

Institutional investors have recently modified their holdings of the company. Millennium Management LLC increased its stake in shares of Grayscale Bitcoin Mini Trust ETF by 26.7% during the 4th quarter. Millennium Management LLC now owns 3,167,718 shares of the company’s stock worth $122,686,000 after purchasing an additional 667,553 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 157.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,472,684 shares of the company’s stock worth $57,037,000 after purchasing an additional 900,987 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in Grayscale Bitcoin Mini Trust ETF by 20.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,297,393 shares of the company’s stock valued at $50,248,000 after purchasing an additional 220,174 shares in the last quarter. Emory University boosted its position in shares of Grayscale Bitcoin Mini Trust ETF by 91.0% in the third quarter. Emory University now owns 1,023,417 shares of the company’s stock worth $51,816,000 after buying an additional 487,636 shares during the period. Finally, Sloy Dahl & Holst LLC lifted its position in Grayscale Bitcoin Mini Trust ETF by 19.7% during the 4th quarter. Sloy Dahl & Holst LLC now owns 807,296 shares of the company’s stock worth $31,267,000 after acquiring an additional 132,586 shares in the last quarter. 27.38% of the stock is owned by institutional investors and hedge funds.

Grayscale Bitcoin Mini Trust ETF Price Performance

NYSEARCA BTC traded down $0.20 during trading hours on Tuesday, hitting $30.40. The company’s stock had a trading volume of 5,169,013 shares, compared to its average volume of 5,069,171. Grayscale Bitcoin Mini Trust ETF has a 12 month low of $27.55 and a 12 month high of $55.96. The company’s 50 day simple moving average is $35.85 and its two-hundred day simple moving average is $42.87.

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.