Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Short Interest Up 211.7% in June

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 240 shares, an increase of 211.7% from the May 31st total of 77 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 3,292 shares, the days-to-cover ratio is presently 0.1 days.

Grayscale Bitcoin Premium Income ETF Stock Performance

NYSEARCA:BPI opened at $19.72 on Tuesday. The business’s fifty day moving average is $23.69 and its 200 day moving average is $25.61. The firm has a market cap of $2.56 million, a price-to-earnings ratio of 51.89 and a beta of 1.29. Grayscale Bitcoin Premium Income ETF has a 52-week low of $18.55 and a 52-week high of $45.36.

Institutional Investors Weigh In On Grayscale Bitcoin Premium Income ETF

A hedge fund recently bought a new stake in Grayscale Bitcoin Premium Income ETF stock. Jane Street Group LLC acquired a new stake in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,666 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned 5.90% of Grayscale Bitcoin Premium Income ETF at the end of the most recent quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

About Grayscale Bitcoin Premium Income ETF

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