Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Short Interest Down 36.6% in August

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 457,857 shares, a decline of 36.6% from the August 15th total of 722,534 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 2,644,117 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Grayscale Bitcoin Mini Trust ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mosaic Family Wealth Partners LLC boosted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 3.2% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 11,054 shares of the company’s stock valued at $332,000 after purchasing an additional 338 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 2.3% during the 4th quarter. Global Retirement Partners LLC now owns 15,336 shares of the company’s stock worth $594,000 after buying an additional 341 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 1.8% during the 1st quarter. Bleakley Financial Group LLC now owns 24,586 shares of the company’s stock worth $737,000 after buying an additional 441 shares in the last quarter. Fortem Financial Group LLC lifted its position in shares of Grayscale Bitcoin Mini Trust ETF by 5.8% during the 1st quarter. Fortem Financial Group LLC now owns 8,776 shares of the company’s stock worth $263,000 after buying an additional 480 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV lifted its position in shares of Grayscale Bitcoin Mini Trust ETF by 2.6% during the 1st quarter. Acorn Financial Advisory Services Inc. ADV now owns 23,291 shares of the company’s stock worth $698,000 after buying an additional 589 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Performance

NYSEARCA BTC traded up $0.21 during trading hours on Thursday, hitting $33.82. 1,291,587 shares of the company traded hands, compared to its average volume of 2,937,543. The business’s 50-day moving average is $30.87 and its 200-day moving average is $31.05. Grayscale Bitcoin Mini Trust ETF has a twelve month low of $25.65 and a twelve month high of $55.96.

Grayscale Bitcoin Mini Trust ETF Company Profile

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.