Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Short Interest Update

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 8,235 shares, an increase of 26.7% from the March 15th total of 6,500 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average daily volume of 5,941 shares, the short-interest ratio is presently 1.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Grayscale Bitcoin Miners ETF during the first quarter valued at approximately $314,000. Formidable Asset Management LLC lifted its position in 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 valued at $315,000 after purchasing an additional 2,500 shares during the period. Global Retirement Partners LLC lifted its position in 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 purchasing an additional 812 shares during the period. Finally, Group One Trading LLC bought a new position in Grayscale Bitcoin Miners ETF during the third quarter valued at approximately $38,000.

Grayscale Bitcoin Miners ETF Price Performance

Grayscale Bitcoin Miners ETF stock traded down $0.60 during midday trading on Thursday, reaching $33.30. 771 shares of the company traded hands, compared to its average volume of 7,447. The firm has a market capitalization of $10.99 million, a price-to-earnings ratio of 9.91 and a beta of 4.44. The business has a 50 day moving average of $29.26 and a two-hundred day moving average of $35.57. Grayscale Bitcoin Miners ETF has a 12 month low of $15.47 and a 12 month high of $56.46.

Grayscale Bitcoin Miners ETF Company Profile

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.