Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Trading 0.9% Higher – What’s Next?

Shares of Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) traded up 0.9% during trading on Friday . The stock traded as high as $16.57 and last traded at $16.54. 12,289 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 17,873 shares. The stock had previously closed at $16.40.

Grayscale Bitcoin Covered Call ETF Price Performance

The company’s 50-day simple moving average is $16.24 and its 200 day simple moving average is $21.90.

Institutional Trading of Grayscale Bitcoin Covered Call ETF

Large investors have recently added to or reduced their stakes in the business. Ulland Investment Advisors LLC grew its position in Grayscale Bitcoin Covered Call ETF by 285.2% in the third quarter. Ulland Investment Advisors LLC now owns 2,700 shares of the company’s stock worth $84,000 after acquiring an additional 1,999 shares in the last quarter. CWM LLC boosted its holdings in shares of Grayscale Bitcoin Covered Call ETF by 548.6% during the 3rd quarter. CWM LLC now owns 3,366 shares of the company’s stock worth $104,000 after buying an additional 2,847 shares during the period. L & S Advisors Inc bought a new stake in shares of Grayscale Bitcoin Covered Call ETF during the 3rd quarter worth $354,000. Pasadena Private Wealth LLC boosted its holdings in shares of Grayscale Bitcoin Covered Call ETF by 30.8% during the 3rd quarter. Pasadena Private Wealth LLC now owns 11,696 shares of the company’s stock worth $363,000 after buying an additional 2,756 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Grayscale Bitcoin Covered Call ETF by 25.0% during the 4th quarter. Jane Street Group LLC now owns 32,126 shares of the company’s stock worth $691,000 after buying an additional 6,432 shares during the period.

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.