Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Sees Significant Decrease in Short Interest

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,873 shares, a decrease of 54.2% from the August 15th total of 4,091 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 4,716 shares, the short-interest ratio is currently 0.4 days.

Grayscale Bitcoin Miners ETF Stock Performance

MNRS opened at $35.72 on Monday. The business has a 50 day moving average price of $34.96 and a 200 day moving average price of $36.42. Grayscale Bitcoin Miners ETF has a twelve month low of $23.24 and a twelve month high of $56.46. The firm has a market cap of $12.50 million, a P/E ratio of 9.91 and a beta of 4.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Group One Trading LLC acquired a new position in Grayscale Bitcoin Miners ETF during the 3rd quarter worth $38,000. Global Retirement Partners LLC grew its position in shares of Grayscale Bitcoin Miners ETF by 33.9% in the fourth quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock valued at $96,000 after purchasing an additional 812 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Grayscale Bitcoin Miners ETF in the first quarter valued at about $314,000.

About Grayscale Bitcoin Miners ETF

The Grayscale Bitcoin Miners ETF (MNRS) is an exchange-traded fund that is based on the Indxx Bitcoin Miners index. The fund tracks an index of global companies that generate revenue from bitcoin mining activities or mining related services. Constituents are selected and weighted based on market-cap and revenue tied to the relevant theme. MNRS was launched on Jan 30, 2025 and is issued by Grayscale.