Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Short Interest Up 504.1% in August

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIGet Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 447 shares, a growth of 504.1% from the August 15th total of 74 shares. Based on an average trading volume of 1,842 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Grayscale Bitcoin Premium Income ETF

An institutional investor recently raised its stake in Grayscale Bitcoin Premium Income ETF stock. OLD Mission Capital LLC increased its position in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIFree Report) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,113 shares of the company’s stock after buying an additional 2,970 shares during the period. OLD Mission Capital LLC owned 10.86% of Grayscale Bitcoin Premium Income ETF worth $425,000 at the end of the most recent reporting period. 80.90% of the stock is owned by institutional investors and hedge funds.

Grayscale Bitcoin Premium Income ETF Stock Performance

Grayscale Bitcoin Premium Income ETF stock opened at $24.27 on Friday. Grayscale Bitcoin Premium Income ETF has a 52-week low of $18.55 and a 52-week high of $44.01. The firm has a 50 day moving average price of $21.95 and a two-hundred day moving average price of $22.98. The firm has a market cap of $3.64 million, a price-to-earnings ratio of 63.87 and a beta of 1.43.

About Grayscale Bitcoin Premium Income ETF

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The Grayscale Funds Trust – Bitcoin Premium Income ETF (BPI) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.

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