Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Sees Large Decrease in Short Interest

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,437 shares, a decrease of 67.0% from the May 31st total of 7,385 shares. Based on an average trading volume of 20,458 shares, the short-interest ratio is currently 0.1 days. Currently, 0.7% of the shares of the company are short sold.

Grayscale Bitcoin Miners ETF Price Performance

Grayscale Bitcoin Miners ETF stock traded down $1.29 during mid-day trading on Monday, hitting $42.77. 6,355 shares of the company’s stock traded hands, compared to its average volume of 9,544. The firm has a 50 day simple moving average of $43.22 and a two-hundred day simple moving average of $35.71. Grayscale Bitcoin Miners ETF has a fifty-two week low of $23.24 and a fifty-two week high of $56.46. The stock has a market cap of $14.11 million, a price-to-earnings ratio of 9.91 and a beta of 4.47.

Institutional Trading of Grayscale Bitcoin Miners ETF

Hedge funds have recently modified their holdings of the stock. Group One Trading LLC acquired a new position in Grayscale Bitcoin Miners ETF in the 3rd quarter valued at about $38,000. Global Retirement Partners LLC lifted its position in Grayscale Bitcoin Miners ETF by 33.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock worth $96,000 after acquiring an additional 812 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Grayscale Bitcoin Miners ETF during the first quarter worth approximately $314,000. Finally, Formidable Asset Management LLC boosted its holdings in shares of Grayscale Bitcoin Miners ETF by 31.3% during the fourth quarter. Formidable Asset Management LLC now owns 10,476 shares of the company’s stock worth $315,000 after acquiring an additional 2,500 shares during the period.

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.