Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Short Interest Up 105.9% in April

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 18,057 shares, a growth of 105.9% from the April 15th total of 8,769 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 10,573 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of Grayscale Bitcoin Covered Call ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ulland Investment Advisors LLC lifted its holdings in shares of Grayscale Bitcoin Covered Call ETF by 285.2% during the third quarter. Ulland Investment Advisors LLC now owns 2,700 shares of the company’s stock worth $84,000 after purchasing an additional 1,999 shares during the period. CWM LLC boosted its position in Grayscale Bitcoin Covered Call ETF by 548.6% in the third quarter. CWM LLC now owns 3,366 shares of the company’s stock valued at $104,000 after buying an additional 2,847 shares during the last quarter. L & S Advisors Inc boosted its position in Grayscale Bitcoin Covered Call ETF by 39.8% in the fourth quarter. L & S Advisors Inc now owns 15,966 shares of the company’s stock valued at $343,000 after buying an additional 4,548 shares during the last quarter. Jane Street Group LLC boosted its position in Grayscale Bitcoin Covered Call ETF by 25.0% in the fourth quarter. Jane Street Group LLC now owns 32,126 shares of the company’s stock valued at $691,000 after buying an additional 6,432 shares during the last quarter. Finally, OLD Mission Capital LLC boosted its position in Grayscale Bitcoin Covered Call ETF by 372.0% in the fourth quarter. OLD Mission Capital LLC now owns 56,409 shares of the company’s stock valued at $1,213,000 after buying an additional 44,458 shares during the last quarter.

Grayscale Bitcoin Covered Call ETF Stock Down 2.2%

Shares of Grayscale Bitcoin Covered Call ETF stock traded down $0.38 during trading on Friday, reaching $16.97. The company’s stock had a trading volume of 12,674 shares, compared to its average volume of 17,115. Grayscale Bitcoin Covered Call ETF has a 1-year low of $14.89 and a 1-year high of $37.57. The company has a 50-day simple moving average of $16.60 and a two-hundred day simple moving average of $19.75.

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. The fund is non-diversified.