Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Short Interest Up 441.9% in July

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIGet Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 336 shares, an increase of 441.9% from the June 30th total of 62 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,131 shares, the days-to-cover ratio is currently 0.2 days.

Grayscale Bitcoin Premium Income ETF Price Performance

BPI stock traded down $0.15 during midday trading on Friday, reaching $20.77. 21 shares of the company’s stock traded hands, compared to its average volume of 1,791. The company has a market capitalization of $3.12 million, a P/E ratio of 54.66 and a beta of 1.53. Grayscale Bitcoin Premium Income ETF has a fifty-two week low of $18.55 and a fifty-two week high of $45.36. The business has a 50-day moving average price of $21.61 and a two-hundred day moving average price of $24.32.

Hedge Funds Weigh In On Grayscale Bitcoin Premium Income ETF

An institutional investor recently bought a new position in Grayscale Bitcoin Premium Income ETF stock. Jane Street Group LLC bought a new stake in shares of Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 at the end of the most recent quarter. 80.90% of the stock is currently owned by institutional investors.

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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