Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Short Interest Down 59.1% in August

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 74 shares, a decrease of 59.1% from the July 30th total of 181 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,972 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Grayscale Bitcoin Premium Income ETF stock. Jane Street Group LLC bought a new stake in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 7,666 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned approximately 5.90% of Grayscale Bitcoin Premium Income ETF as of its most recent filing with the SEC. Institutional investors and hedge funds own 80.90% of the company’s stock.

Grayscale Bitcoin Premium Income ETF Stock Performance

Shares of BPI stock traded down $0.69 during mid-day trading on Friday, reaching $24.23. 401 shares of the company were exchanged, compared to its average volume of 1,785. The business’s 50 day simple moving average is $21.10 and its 200 day simple moving average is $22.89. The company has a market capitalization of $3.63 million, a P/E ratio of 63.76 and a beta of 1.37. Grayscale Bitcoin Premium Income ETF has a fifty-two week low of $18.55 and a fifty-two week high of $44.01.

Grayscale Bitcoin Premium Income ETF Company Profile

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