Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Shares Down 2.1% – Here’s What Happened

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC)’s share price traded down 2.1% during trading on Wednesday . The company traded as low as $16.42 and last traded at $16.50. 20,976 shares were traded during mid-day trading, an increase of 3% from the average session volume of 20,267 shares. The stock had previously closed at $16.86.

Grayscale Bitcoin Covered Call ETF Trading Down 2.1%

The company has a 50-day moving average of $18.15 and a two-hundred day moving average of $23.84.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BTCC. Ulland Investment Advisors LLC lifted its stake in shares of Grayscale Bitcoin Covered Call ETF by 285.2% during the 3rd quarter. Ulland Investment Advisors LLC now owns 2,700 shares of the company’s stock valued at $84,000 after buying an additional 1,999 shares in the last quarter. Pasadena Private Wealth LLC increased its stake in Grayscale Bitcoin Covered Call ETF by 30.8% in 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 in the last quarter. CWM LLC raised its holdings in Grayscale Bitcoin Covered Call ETF by 548.6% during the third quarter. CWM LLC now owns 3,366 shares of the company’s stock valued at $104,000 after acquiring an additional 2,847 shares during the period. L & S Advisors Inc lifted its position 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 in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Grayscale Bitcoin Covered Call ETF by 25.0% in the fourth quarter. Jane Street Group LLC now owns 32,126 shares of the company’s stock valued at $691,000 after acquiring an additional 6,432 shares in the last quarter.

About Grayscale Bitcoin Covered Call ETF

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.