Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Stock Price Down 0.9% – Here’s Why

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCCGet Free Report) traded down 0.9% during trading on Thursday . The company traded as low as $21.31 and last traded at $21.43. 20,888 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 25,754 shares. The stock had previously closed at $21.62.

Grayscale Bitcoin Covered Call ETF Price Performance

The business has a 50 day moving average of $25.20 and a 200 day moving average of $31.43.

Hedge Funds Weigh In On Grayscale Bitcoin Covered Call ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ulland Investment Advisors LLC boosted its position in shares of Grayscale Bitcoin Covered Call ETF by 285.2% during the 3rd quarter. Ulland Investment Advisors LLC now owns 2,700 shares of the company’s stock valued at $84,000 after acquiring an additional 1,999 shares in the last quarter. CWM LLC lifted its stake in Grayscale Bitcoin Covered Call ETF by 548.6% during the third quarter. CWM LLC now owns 3,366 shares of the company’s stock worth $104,000 after purchasing an additional 2,847 shares during the period. Pasadena Private Wealth LLC acquired a new stake in Grayscale Bitcoin Covered Call ETF during the second quarter valued at approximately $319,000. L & S Advisors Inc bought a new stake in shares of Grayscale Bitcoin Covered Call ETF in the 3rd quarter valued at approximately $354,000. Finally, MADDEN SECURITIES Corp acquired a new position in shares of Grayscale Bitcoin Covered Call ETF in the 3rd quarter worth approximately $10,627,000.

About Grayscale Bitcoin Covered Call ETF

(Get Free Report)

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.

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