Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 20,292 shares, a decline of 57.5% from the September 15th total of 47,719 shares. Based on an average daily trading volume, of 34,028 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.6% of the company’s stock are short sold.
Grayscale Bitcoin Covered Call ETF Trading Up 0.4%
Shares of Grayscale Bitcoin Covered Call ETF stock traded up $0.05 during trading hours on Tuesday, reaching $13.52. 18,146 shares of the company’s stock were exchanged, compared to its average volume of 19,929. The company has a 50 day moving average of $13.42 and a two-hundred day moving average of $14.39. Grayscale Bitcoin Covered Call ETF has a fifty-two week low of $12.31 and a fifty-two week high of $29.50.
Institutional Trading of Grayscale Bitcoin Covered Call ETF
A hedge fund recently bought a new position in Grayscale Bitcoin Covered Call ETF stock. Arete Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,900 shares of the company’s stock, valued at approximately $216,000. Arete Wealth Advisors LLC owned approximately 1.40% of Grayscale Bitcoin Covered Call ETF as of its most recent filing with the Securities & Exchange Commission.
About Grayscale Bitcoin Covered Call ETF
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.
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