Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS – Get Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 9,814 shares, a growth of 116.1% from the April 30th total of 4,541 shares. Approximately 3.0% of the company’s stock are short sold. Based on an average daily volume of 8,333 shares, the short-interest ratio is currently 1.2 days.
Grayscale Bitcoin Miners ETF Stock Performance
Shares of MNRS traded down $0.15 during midday trading on Tuesday, hitting $50.91. 36,652 shares of the stock traded hands, compared to its average volume of 8,872. The firm has a market capitalization of $16.80 million, a PE ratio of 9.91 and a beta of 4.16. The business’s 50 day moving average price is $36.31 and its two-hundred day moving average price is $34.19. Grayscale Bitcoin Miners ETF has a 1-year low of $20.54 and a 1-year high of $56.46.
Institutional Investors Weigh In On Grayscale Bitcoin Miners ETF
Several large investors have recently made changes to their positions in the company. Group One Trading LLC acquired a new position in shares of Grayscale Bitcoin Miners ETF during the third quarter worth approximately $38,000. Global Retirement Partners LLC raised its stake in shares of Grayscale Bitcoin Miners ETF by 33.9% in the fourth quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock valued at $96,000 after purchasing an additional 812 shares in the last quarter. Formidable Asset Management LLC raised its stake in shares of Grayscale Bitcoin Miners ETF by 31.3% in the fourth quarter. Formidable Asset Management LLC now owns 10,476 shares of the company’s stock valued at $315,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Grayscale Bitcoin Miners ETF in the first quarter valued at $314,000.
About Grayscale Bitcoin Miners ETF
The Grayscale Bitcoin Miners ETF (MNRS) is an exchange-traded fund that is based on the Indxx Bitcoin Miners index. The fund tracks an index of global companies that generate revenue from bitcoin mining activities or mining related services. Constituents are selected and weighted based on market-cap and revenue tied to the relevant theme. MNRS was launched on Jan 30, 2025 and is issued by Grayscale.
Further Reading
- Five stocks we like better than Grayscale Bitcoin Miners ETF
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear Case—Is a Bigger Rally Ahead?
- Aggressive Insider Buying Signals Opportunity in 3 Risky Stocks
Receive News & Ratings for Grayscale Bitcoin Miners ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Bitcoin Miners ETF and related companies with MarketBeat.com's FREE daily email newsletter.
