Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Short Interest Update

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 45,557 shares, a growth of 87.8% from the June 30th total of 24,261 shares. Currently, 4.2% of the shares of the company are short sold. Based on an average daily trading volume, of 22,843 shares, the days-to-cover ratio is presently 2.0 days.

Grayscale Bitcoin Covered Call ETF Stock Performance

BTCC stock opened at $13.19 on Thursday. Grayscale Bitcoin Covered Call ETF has a 1 year low of $12.31 and a 1 year high of $36.30. The stock’s fifty day moving average price is $13.67 and its 200-day moving average price is $16.08.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. L & S Advisors Inc grew its stake in shares of Grayscale Bitcoin Covered Call ETF by 39.8% during the 4th quarter. L & S Advisors Inc now owns 15,966 shares of the company’s stock valued at $343,000 after purchasing an additional 4,548 shares during the period. OLD Mission Capital LLC lifted its stake in shares of Grayscale Bitcoin Covered Call ETF by 372.0% in the 4th quarter. OLD Mission Capital LLC now owns 56,409 shares of the company’s stock worth $1,213,000 after purchasing an additional 44,458 shares during the period. Jane Street Group LLC lifted its stake in shares of Grayscale Bitcoin Covered Call ETF by 25.0% in the 4th quarter. Jane Street Group LLC now owns 32,126 shares of the company’s stock worth $691,000 after purchasing an additional 6,432 shares during the period. Finally, Arete Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Covered Call ETF in the first quarter worth approximately $216,000.

About Grayscale Bitcoin Covered Call ETF

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.