Short Interest in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Declines By 59.1%

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 74 shares, a drop of 59.1% from the July 30th total of 181 shares. Based on an average daily volume of 1,972 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Grayscale Bitcoin Premium Income ETF Stock Performance

Shares of BPI stock traded down $0.69 during mid-day trading on Friday, hitting $24.23. The company’s stock had a trading volume of 401 shares, compared to its average volume of 1,785. Grayscale Bitcoin Premium Income ETF has a 52-week low of $18.55 and a 52-week high of $44.01. The business has a 50-day moving average price of $21.10 and a 200 day moving average price of $22.89. The stock has a market cap of $3.63 million, a price-to-earnings ratio of 63.76 and a beta of 1.37.

Institutional Investors Weigh In On Grayscale Bitcoin Premium Income ETF

An institutional investor recently raised its stake in Grayscale Bitcoin Premium Income ETF stock. OLD Mission Capital LLC raised its holdings in shares of Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) by 26.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,113 shares of the company’s stock after buying an additional 2,970 shares during the period. OLD Mission Capital LLC owned about 10.86% of Grayscale Bitcoin Premium Income ETF worth $425,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

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.