Short Interest in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Drops By 74.2%

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIGet Free Report) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 62 shares, a decline of 74.2% from the June 15th total of 240 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,730 shares, the short-interest ratio is presently 0.0 days.

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 acquired a new position in shares of Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 7,666 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned about 5.90% of Grayscale Bitcoin Premium Income ETF at the end of the most recent quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

Grayscale Bitcoin Premium Income ETF Stock Up 1.1%

Shares of NYSEARCA:BPI traded up $0.23 during trading on Friday, hitting $20.86. 269 shares of the stock traded hands, compared to its average volume of 1,911. The company has a market cap of $3.13 million, a price-to-earnings ratio of 54.89 and a beta of 1.53. The company has a fifty day moving average price of $22.74 and a two-hundred day moving average price of $24.95. Grayscale Bitcoin Premium Income ETF has a 52-week low of $18.55 and a 52-week high of $45.36.

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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