Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Sees Significant Increase in Short Interest

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 8,235 shares, an increase of 26.7% from the March 15th total of 6,500 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average trading volume of 5,941 shares, the days-to-cover ratio is currently 1.4 days.

Grayscale Bitcoin Miners ETF Trading Up 5.0%

Grayscale Bitcoin Miners ETF stock traded up $1.68 during trading hours on Friday, hitting $35.31. 6,689 shares of the stock traded hands, compared to its average volume of 7,440. The firm’s 50-day moving average price is $29.38 and its two-hundred day moving average price is $35.56. The company has a market cap of $11.65 million, a PE ratio of 9.91 and a beta of 4.44. Grayscale Bitcoin Miners ETF has a one year low of $15.51 and a one year high of $56.46.

Institutional Trading of Grayscale Bitcoin Miners ETF

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Grayscale Bitcoin Miners ETF in the 1st quarter worth approximately $314,000. Formidable Asset Management LLC boosted its position in shares of Grayscale Bitcoin Miners ETF by 31.3% in the 4th quarter. Formidable Asset Management LLC now owns 10,476 shares of the company’s stock worth $315,000 after purchasing an additional 2,500 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Grayscale Bitcoin Miners ETF by 33.9% in the 4th quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock worth $96,000 after purchasing an additional 812 shares in the last quarter. Finally, Group One Trading LLC bought a new stake in shares of Grayscale Bitcoin Miners ETF in the 3rd quarter worth approximately $38,000.

Grayscale Bitcoin Miners ETF Company Profile

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.