Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Trading Down 0.4% – What’s Next?

Shares of Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) fell 0.4% on Tuesday . The company traded as low as $15.39 and last traded at $15.63. 10,829 shares were traded during trading, a decline of 51% from the average session volume of 22,015 shares. The stock had previously closed at $15.69.

Grayscale Bitcoin Covered Call ETF Price Performance

The stock’s 50-day moving average is $19.89 and its 200 day moving average is $25.82.

Institutional Trading of Grayscale Bitcoin Covered Call ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ulland Investment Advisors LLC boosted its position in shares of Grayscale Bitcoin Covered Call ETF by 285.2% in the 3rd quarter. Ulland Investment Advisors LLC now owns 2,700 shares of the company’s stock valued at $84,000 after purchasing an additional 1,999 shares during the period. CWM LLC lifted its stake in Grayscale Bitcoin Covered Call ETF by 548.6% in the third quarter. CWM LLC now owns 3,366 shares of the company’s stock valued at $104,000 after buying an additional 2,847 shares during the last quarter. L & S Advisors Inc boosted its holdings in shares of Grayscale Bitcoin Covered Call ETF by 39.8% in the fourth quarter. L & S Advisors Inc now owns 15,966 shares of the company’s stock valued at $343,000 after acquiring an additional 4,548 shares during the period. Pasadena Private Wealth LLC grew its position in shares of Grayscale Bitcoin Covered Call ETF by 30.8% during the third quarter. Pasadena Private Wealth LLC now owns 11,696 shares of the company’s stock worth $363,000 after acquiring an additional 2,756 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Grayscale Bitcoin Covered Call ETF by 25.0% during the fourth quarter. Jane Street Group LLC now owns 32,126 shares of the company’s stock worth $691,000 after acquiring an additional 6,432 shares during the last quarter.

Grayscale Bitcoin Covered Call ETF Company Profile

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.