Shares of Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC – Get Free Report) traded up 0.4% during trading on Friday . The stock traded as high as $13.57 and last traded at $13.45. 45,200 shares traded hands during trading, an increase of 138% from the average session volume of 18,991 shares. The stock had previously closed at $13.39.
Grayscale Bitcoin Covered Call ETF Trading Up 0.4%
The stock’s fifty day moving average is $13.26 and its two-hundred day moving average is $14.81.
Hedge Funds Weigh In On Grayscale Bitcoin Covered Call ETF
A number of hedge funds and other institutional investors have recently modified their holdings of BTCC. Arete Wealth Advisors LLC acquired a new stake in Grayscale Bitcoin Covered Call ETF during the 1st quarter worth about $216,000. L & S Advisors Inc raised its holdings in shares of Grayscale Bitcoin Covered Call ETF by 39.8% during the fourth quarter. L & S Advisors Inc now owns 15,966 shares of the company’s stock valued at $343,000 after acquiring an additional 4,548 shares during the period. Jane Street Group LLC raised its holdings in shares of Grayscale Bitcoin Covered Call ETF by 25.0% during the fourth quarter. Jane Street Group LLC now owns 32,126 shares of the company’s stock valued at $691,000 after acquiring an additional 6,432 shares during the period. Finally, OLD Mission Capital LLC lifted its position in shares of Grayscale Bitcoin Covered Call ETF by 372.0% in the 4th quarter. OLD Mission Capital LLC now owns 56,409 shares of the company’s stock valued at $1,213,000 after acquiring an additional 44,458 shares in the last quarter.
Grayscale Bitcoin Covered Call ETF Company Profile
The manager seeks to achieve its investment objective primarily through actively-managed exposure to bitcoin ETPs, including, but not limited to, Grayscale Bitcoin Trust ETF and Grayscale Bitcoin Mini Trust ETF and the purchase and sale of a combination of call and put option contracts that utilize Bitcoin ETPs as the reference asset. The fund is non-diversified.
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