Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Short Interest Up 211.7% in June

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 240 shares, an increase of 211.7% from the May 31st total of 77 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 3,292 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Grayscale Bitcoin Premium Income ETF

An institutional investor recently bought a new position in Grayscale Bitcoin Premium Income ETF stock. Jane Street Group LLC purchased a new stake in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,666 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned approximately 5.90% of Grayscale Bitcoin Premium Income ETF as of its most recent SEC filing. 80.90% of the stock is owned by hedge funds and other institutional investors.

Grayscale Bitcoin Premium Income ETF Stock Up 0.9%

Shares of BPI traded up $0.17 on Friday, reaching $19.68. The stock had a trading volume of 2,801 shares, compared to its average volume of 1,819. The firm has a market capitalization of $2.56 million, a PE ratio of 51.79 and a beta of 1.29. The firm has a 50-day moving average of $23.79 and a 200 day moving average of $25.74. Grayscale Bitcoin Premium Income ETF has a twelve month low of $19.51 and a twelve month high of $45.36.

About Grayscale Bitcoin Premium Income ETF

The Grayscale Funds Trust – Bitcoin Premium Income ETF (BPI) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.