Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Short Interest Down 28.0% in April

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 5,931 shares, a drop of 28.0% from the March 31st total of 8,235 shares. Based on an average daily volume of 5,060 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.8% of the shares of the company are sold short.

Grayscale Bitcoin Miners ETF Trading Up 0.9%

Grayscale Bitcoin Miners ETF stock traded up $0.33 during trading on Friday, reaching $35.41. The company had a trading volume of 2,188 shares, compared to its average volume of 7,077. Grayscale Bitcoin Miners ETF has a 52 week low of $17.69 and a 52 week high of $56.46. The firm’s 50-day simple moving average is $30.17 and its 200 day simple moving average is $34.85. The firm has a market capitalization of $11.69 million, a price-to-earnings ratio of 9.91 and a beta of 4.17.

Hedge Funds Weigh In On Grayscale Bitcoin Miners ETF

A number of institutional investors have recently bought and sold shares of MNRS. Jane Street Group LLC bought a new position in Grayscale Bitcoin Miners ETF in the 1st quarter worth $314,000. Global Retirement Partners LLC raised its holdings in Grayscale Bitcoin Miners ETF by 22.1% during the third quarter. Global Retirement Partners LLC now owns 2,396 shares of the company’s stock valued at $97,000 after acquiring an additional 434 shares during the period. Formidable Asset Management LLC bought a new stake in Grayscale Bitcoin Miners ETF during the third quarter valued at about $323,000. Finally, Group One Trading LLC bought a new stake in Grayscale Bitcoin Miners ETF during the third quarter valued at about $38,000.

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.