MADDEN SECURITIES Corp Trims Stock Position in Grayscale Bitcoin Covered Call ETF $BTCC

MADDEN SECURITIES Corp cut its stake in Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) by 29.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 242,857 shares of the company’s stock after selling 99,730 shares during the period. Grayscale Bitcoin Covered Call ETF comprises approximately 1.6% of MADDEN SECURITIES Corp’s portfolio, making the stock its 19th largest position. MADDEN SECURITIES Corp owned approximately 0.24% of Grayscale Bitcoin Covered Call ETF worth $5,221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ulland Investment Advisors LLC lifted its position 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. CWM LLC lifted its position in Grayscale Bitcoin Covered Call ETF by 548.6% in the third quarter. CWM LLC now owns 3,366 shares of the company’s stock valued at $104,000 after acquiring an additional 2,847 shares during the last quarter. Finally, L & S Advisors Inc purchased a new stake in Grayscale Bitcoin Covered Call ETF in the third quarter valued at $354,000.

Grayscale Bitcoin Covered Call ETF Price Performance

Shares of BTCC opened at $17.34 on Monday. Grayscale Bitcoin Covered Call ETF has a 1-year low of $14.89 and a 1-year high of $37.57. The firm has a fifty day moving average price of $16.46 and a 200 day moving average price of $20.15.

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.