Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Short Interest Up 105.9% in April

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 18,057 shares, an increase of 105.9% from the April 15th total of 8,769 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 10,573 shares, the days-to-cover ratio is presently 1.7 days.

Grayscale Bitcoin Covered Call ETF Price Performance

Shares of BTCC stock traded down $0.38 during trading hours on Friday, reaching $16.97. The company’s stock had a trading volume of 12,674 shares, compared to its average volume of 17,115. Grayscale Bitcoin Covered Call ETF has a one year low of $14.89 and a one year high of $37.57. The firm’s fifty day simple moving average is $16.60 and its 200 day simple moving average is $19.75.

Institutional Trading of Grayscale Bitcoin Covered Call ETF

A number of institutional investors have recently made changes to their positions in the business. OLD Mission Capital LLC boosted its position in shares of Grayscale Bitcoin Covered Call ETF by 372.0% in the 4th quarter. OLD Mission Capital LLC now owns 56,409 shares of the company’s stock worth $1,213,000 after purchasing an additional 44,458 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Grayscale Bitcoin Covered Call ETF by 25.0% in the 4th quarter. Jane Street Group LLC now owns 32,126 shares of the company’s stock worth $691,000 after purchasing an additional 6,432 shares in the last quarter. L & S Advisors Inc boosted its position 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 purchasing an additional 4,548 shares in the last quarter. Ulland Investment Advisors LLC boosted its position in shares of Grayscale Bitcoin Covered Call ETF by 285.2% in the 3rd quarter. Ulland Investment Advisors LLC now owns 2,700 shares of the company’s stock worth $84,000 after purchasing an additional 1,999 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Grayscale Bitcoin Covered Call ETF by 548.6% in the 3rd quarter. CWM LLC now owns 3,366 shares of the company’s stock worth $104,000 after purchasing an additional 2,847 shares in 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.