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

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

Grayscale Bitcoin Mini Trust ETF Stock Down 0.1%

Grayscale Bitcoin Mini Trust ETF stock opened at $28.38 on Friday. The company has a fifty day simple moving average of $29.81 and a 200-day simple moving average of $32.45. Grayscale Bitcoin Mini Trust ETF has a 52-week low of $25.65 and a 52-week high of $55.96.

Institutional Trading of Grayscale Bitcoin Mini Trust ETF

Several large investors have recently bought and sold shares of BTC. Ares Financial Consulting LLC raised its holdings in Grayscale Bitcoin Mini Trust ETF by 104.3% in the 2nd quarter. Ares Financial Consulting LLC now owns 3,324 shares of the company’s stock valued at $86,000 after acquiring an additional 1,697 shares during the last quarter. Centurion Wealth Management LLC boosted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 1,056.5% during the 2nd quarter. Centurion Wealth Management LLC now owns 92,440 shares of the company’s stock worth $2,399,000 after purchasing an additional 84,447 shares during the last quarter. Pettinga Financial Advisors LLC boosted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 3.5% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 57,053 shares of the company’s stock worth $1,481,000 after purchasing an additional 1,931 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust ETF in the second quarter valued at approximately $554,000. Finally, Cooper Financial Group grew its position in shares of Grayscale Bitcoin Mini Trust ETF by 63.6% in the second quarter. Cooper Financial Group now owns 37,686 shares of the company’s stock valued at $978,000 after purchasing an additional 14,646 shares in the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.

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.