Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Shares Down 1.1% – Here’s Why

Shares of Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) dropped 1.1% during mid-day trading on Thursday . The stock traded as low as $23.81 and last traded at $23.81. Approximately 144 shares were traded during trading, a decline of 90% from the average daily volume of 1,459 shares. The stock had previously closed at $24.08.

Grayscale Bitcoin Premium Income ETF Stock Down 1.1%

The stock has a market capitalization of $3.10 million, a P/E ratio of 62.66 and a beta of -2.71. The company has a 50 day moving average of $26.06 and a 200-day moving average of $32.67.

Grayscale Bitcoin Premium Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a $0.2321 dividend. This represents a dividend yield of 1,300.0%. The ex-dividend date was Thursday, February 26th. Grayscale Bitcoin Premium Income ETF’s dividend payout ratio (DPR) is presently 1,723.68%.

Institutional Investors Weigh In On Grayscale Bitcoin Premium Income ETF

A hedge fund recently bought a new stake in Grayscale Bitcoin Premium Income ETF stock. Jane Street Group LLC acquired a new position in shares of Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

Grayscale Bitcoin Premium Income ETF Company Profile

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