Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Sees Large Increase in Short Interest

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 9,268 shares, a growth of 22.9% from the December 31st total of 7,542 shares. Based on an average daily volume of 7,382 shares, the short-interest ratio is currently 1.3 days. Approximately 2.8% of the shares of the company are sold short. Approximately 2.8% of the shares of the company are sold short. Based on an average daily volume of 7,382 shares, the short-interest ratio is currently 1.3 days.

Grayscale Bitcoin Miners ETF Price Performance

Shares of MNRS opened at $34.38 on Wednesday. Grayscale Bitcoin Miners ETF has a 1-year low of $14.38 and a 1-year high of $56.46. The stock has a market cap of $11.35 million, a price-to-earnings ratio of 9.91 and a beta of 6.51. The firm has a 50 day simple moving average of $34.83 and a 200-day simple moving average of $36.08.

Institutional Investors Weigh In On Grayscale Bitcoin Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in shares of Grayscale Bitcoin Miners ETF in the 1st quarter valued at approximately $314,000. Formidable Asset Management LLC increased its stake in shares of Grayscale Bitcoin Miners ETF by 31.3% in the fourth quarter. Formidable Asset Management LLC now owns 10,476 shares of the company’s stock worth $315,000 after buying an additional 2,500 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Grayscale Bitcoin Miners ETF by 22.1% in the third quarter. Global Retirement Partners LLC now owns 2,396 shares of the company’s stock valued at $97,000 after acquiring an additional 434 shares in the last quarter. Finally, Group One Trading LLC bought a new position in Grayscale Bitcoin Miners ETF during the 3rd quarter valued at $38,000.

Grayscale Bitcoin Miners ETF Company Profile

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.