Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Short Interest Down 40.2% in September

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 5,500 shares, a decrease of 40.2% from the September 15th total of 9,200 shares. Based on an average daily volume of 36,900 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 36,900 shares, the short-interest ratio is currently 0.1 days.

Grayscale Bitcoin Covered Call ETF Stock Performance

Shares of BTCC opened at $28.31 on Tuesday. The stock’s 50-day moving average is $32.41 and its two-hundred day moving average is $34.80. Grayscale Bitcoin Covered Call ETF has a 12 month low of $27.03 and a 12 month high of $37.57.

Hedge Funds Weigh In On Grayscale Bitcoin Covered Call ETF

A hedge fund recently bought a new stake in Grayscale Bitcoin Covered Call ETF stock. Pasadena Private Wealth LLC purchased a new position in Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,940 shares of the company’s stock, valued at approximately $319,000. Pasadena Private Wealth LLC owned 2.18% of Grayscale Bitcoin Covered Call ETF as of its most recent SEC filing.

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.