Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Stock Price Down 3% – Here’s Why

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIGet Free Report)’s share price was down 3% on Friday . The stock traded as low as $41.55 and last traded at $41.79. Approximately 834 shares changed hands during trading, a decline of 81% from the average daily volume of 4,449 shares. The stock had previously closed at $43.10.

Grayscale Bitcoin Premium Income ETF Stock Down 3.0%

The stock has a market cap of $6.27 million and a price-to-earnings ratio of 109.97. The business has a fifty day moving average price of $41.87.

Grayscale Bitcoin Premium Income ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were issued a dividend of $0.337 per share. The ex-dividend date was Monday, September 29th. This represents a yield of 1,971.0%. Grayscale Bitcoin Premium Income ETF’s payout ratio is 1,034.21%.

About Grayscale Bitcoin Premium Income ETF

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The Grayscale Funds Trust – Bitcoin Premium Income ETF (BPI) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.

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