Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Short Interest Down 86.3% in May

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 77 shares, a drop of 86.3% from the May 14th total of 560 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,002 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Grayscale Bitcoin Premium Income ETF

An institutional investor recently bought a new position in Grayscale Bitcoin Premium Income ETF stock. Jane Street Group LLC bought a new position in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,666 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned approximately 5.90% of Grayscale Bitcoin Premium Income ETF at the end of the most recent quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

Grayscale Bitcoin Premium Income ETF Price Performance

Shares of BPI remained flat at $20.55 during trading hours on Wednesday. The company had a trading volume of 4,966 shares, compared to its average volume of 1,677. The company’s fifty day moving average price is $24.56 and its two-hundred day moving average price is $26.66. Grayscale Bitcoin Premium Income ETF has a fifty-two week low of $19.96 and a fifty-two week high of $45.36. The company has a market cap of $2.67 million, a PE ratio of 54.08 and a beta of 1.29.

Grayscale Bitcoin Premium Income ETF Company Profile

The Grayscale Funds Trust – Bitcoin Premium Income ETF (BPI) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.