Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Short Interest Update

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 551,188 shares, a drop of 35.3% from the June 15th total of 852,271 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 2,172,616 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC increased its position in Grayscale Bitcoin Mini Trust ETF by 26.7% in the fourth quarter. Millennium Management LLC now owns 3,167,718 shares of the company’s stock worth $122,686,000 after buying an additional 667,553 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Grayscale Bitcoin Mini Trust ETF by 157.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,472,684 shares of the company’s stock worth $57,037,000 after purchasing an additional 900,987 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Grayscale Bitcoin Mini Trust ETF by 20.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,297,393 shares of the company’s stock valued at $50,248,000 after buying an additional 220,174 shares during the last quarter. Sloy Dahl & Holst LLC boosted its position in shares of Grayscale Bitcoin Mini Trust ETF by 19.7% during the 4th quarter. Sloy Dahl & Holst LLC now owns 807,296 shares of the company’s stock valued at $31,267,000 after acquiring an additional 132,586 shares during the last quarter. Finally, Paragon Advisors LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF in the 4th quarter worth $25,913,000. 27.38% of the stock is owned by hedge funds and other institutional investors.

Grayscale Bitcoin Mini Trust ETF Stock Performance

NYSEARCA BTC opened at $28.38 on Friday. Grayscale Bitcoin Mini Trust ETF has a twelve month low of $25.65 and a twelve month high of $55.96. The stock’s 50 day moving average is $29.81 and its 200 day moving average is $32.45.

About Grayscale Bitcoin Mini Trust ETF

The Grayscale Bitcoin Mini Trust ETF (BTC) is an exchange-traded fund that is based on the CoinDesk Bitcoin Cash Price index. The fund is passively managed, offering exposure to the daily USD spot price of Bitcoin, less expenses and liabilities. An investment in the fund is not a direct investment in Bitcoin. BTC was launched on Jul 31, 2024 and is issued by Grayscale.