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

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,437 shares, a drop of 67.0% from the May 31st total of 7,385 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 20,458 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MNRS. Global Retirement Partners LLC increased its stake in Grayscale Bitcoin Miners ETF by 33.9% in 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 in the last quarter. 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 purchasing an additional 2,500 shares in the last quarter. Group One Trading LLC acquired a new position in shares of Grayscale Bitcoin Miners ETF in the 3rd quarter valued at $38,000. Finally, Jane Street Group LLC bought a new stake in shares of Grayscale Bitcoin Miners ETF in the 1st quarter valued at $314,000.

Grayscale Bitcoin Miners ETF Stock Performance

MNRS traded up $0.30 during trading on Friday, reaching $44.06. 11,123 shares of the company’s stock were exchanged, compared to its average volume of 9,570. Grayscale Bitcoin Miners ETF has a fifty-two week low of $23.24 and a fifty-two week high of $56.46. The company’s fifty day moving average price is $43.22 and its 200-day moving average price is $35.72. The firm has a market capitalization of $14.54 million, a PE ratio of 9.91 and a beta of 4.47.

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.