Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Sees Significant Decrease in Short Interest

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 77 shares, a decrease of 86.3% from the May 14th total of 560 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,002 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Grayscale Bitcoin Premium Income ETF

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

Grayscale Bitcoin Premium Income ETF Price Performance

Shares of BPI opened at $21.07 on Friday. The firm has a market cap of $2.74 million, a P/E ratio of 55.45 and a beta of 1.29. The stock has a 50 day simple moving average of $24.48 and a two-hundred day simple moving average of $26.53. Grayscale Bitcoin Premium Income ETF has a 1 year low of $19.96 and a 1 year high of $45.36.

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.