Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Stock Price Up 6% – Should You Buy?

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIGet Free Report)’s stock price traded up 6% during mid-day trading on Wednesday . The company traded as high as $23.58 and last traded at $23.58. 378 shares were traded during trading, a decline of 77% from the average session volume of 1,653 shares. The stock had previously closed at $22.24.

Grayscale Bitcoin Premium Income ETF Trading Up 6.0%

The stock’s 50-day moving average is $28.24 and its 200-day moving average is $34.68. The stock has a market cap of $3.07 million, a price-to-earnings ratio of 62.05 and a beta of -2.71.

Grayscale Bitcoin Premium Income ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 26th will be paid a $0.2321 dividend. This represents a dividend yield of 1,268.0%. The ex-dividend date of this dividend is Thursday, February 26th. Grayscale Bitcoin Premium Income ETF’s dividend payout ratio (DPR) is currently 1,628.95%.

Institutional Trading of Grayscale Bitcoin Premium Income ETF

An institutional investor recently bought a new position in Grayscale Bitcoin Premium Income ETF stock. Jane Street Group LLC acquired a new stake in Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,666 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned 5.90% of Grayscale Bitcoin Premium Income ETF at the end of the most recent reporting period. 80.90% of the stock is owned by hedge funds and other institutional investors.

Grayscale Bitcoin Premium Income ETF Company Profile

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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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