Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Stock Short Interest Report for September

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 20,292 shares, a drop of 57.5% from the September 15th total of 47,719 shares. Based on an average daily trading volume, of 34,028 shares, the short-interest ratio is currently 0.6 days. Currently, 1.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Grayscale Bitcoin Covered Call ETF

An institutional investor recently bought a new position in Grayscale Bitcoin Covered Call ETF stock. Arete Wealth Advisors LLC bought a new position in Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,900 shares of the company’s stock, valued at approximately $216,000. Arete Wealth Advisors LLC owned 1.40% of Grayscale Bitcoin Covered Call ETF at the end of the most recent quarter.

Grayscale Bitcoin Covered Call ETF Stock Performance

BTCC traded up $0.11 during trading on Thursday, reaching $13.21. The company had a trading volume of 14,485 shares, compared to its average volume of 19,912. Grayscale Bitcoin Covered Call ETF has a 12 month low of $12.31 and a 12 month high of $29.50. The business’s fifty day moving average price is $13.43 and its 200 day moving average price is $14.35.

Grayscale Bitcoin Covered Call ETF Company Profile

The manager seeks to achieve its investment objective primarily through actively-managed exposure to bitcoin ETPs, including, but not limited to, Grayscale Bitcoin Trust ETF and Grayscale Bitcoin Mini Trust ETF and the purchase and sale of a combination of call and put option contracts that utilize Bitcoin ETPs as the reference asset. The fund is non-diversified.