Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPI) Trading 1.5% Higher – Here’s What Happened

Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIGet Free Report) shares traded up 1.5% during mid-day trading on Friday . The stock traded as high as $24.52 and last traded at $24.52. 233 shares traded hands during trading, a decline of 85% from the average session volume of 1,536 shares. The stock had previously closed at $24.16.

Grayscale Bitcoin Premium Income ETF Stock Performance

The firm’s 50-day moving average price is $23.58 and its 200 day moving average price is $30.70. The company has a market cap of $3.19 million, a price-to-earnings ratio of 64.53 and a beta of -2.42.

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 purchased a new position in shares of Grayscale Bitcoin Premium Income ETF (NYSEARCA:BPIFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 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. Hedge funds and other institutional investors own 80.90% of the company’s stock.

About Grayscale Bitcoin Premium Income ETF

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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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