Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Stock Price Down 0.2% – Here’s Why

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) was down 0.2% on Friday . The company traded as low as $45.03 and last traded at $45.49. Approximately 54,015 shares were traded during mid-day trading, an increase of 589% from the average daily volume of 7,836 shares. The stock had previously closed at $45.59.

Grayscale Bitcoin Miners ETF Price Performance

The firm has a 50-day moving average of $33.93 and a 200-day moving average of $34.12. The stock has a market cap of $15.01 million, a PE ratio of 9.91 and a beta of 4.16.

Institutional Investors Weigh In On Grayscale Bitcoin Miners ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC raised its position in shares of Grayscale Bitcoin Miners ETF by 33.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock valued at $96,000 after buying an additional 812 shares during the last quarter. Group One Trading LLC bought a new position in shares of Grayscale Bitcoin Miners ETF during the third quarter worth $38,000. Formidable Asset Management LLC boosted its position in shares of Grayscale Bitcoin Miners ETF by 31.3% during the fourth quarter. Formidable Asset Management LLC now owns 10,476 shares of the company’s stock worth $315,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Grayscale Bitcoin Miners ETF during the first quarter valued at $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.