Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Shares Down 2.3% – Here’s What Happened

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS)’s share price was down 2.3% during mid-day trading on Wednesday . The stock traded as low as $36.50 and last traded at $36.62. Approximately 4,720 shares changed hands during trading, a decline of 56% from the average daily volume of 10,844 shares. The stock had previously closed at $37.49.

Grayscale Bitcoin Miners ETF Price Performance

The firm’s 50-day moving average price is $42.55 and its 200-day moving average price is $33.24. The stock has a market cap of $12.08 million, a P/E ratio of 9.91 and a beta of 6.51.

Institutional Trading of Grayscale Bitcoin Miners ETF

Several hedge funds have recently bought and sold shares of MNRS. Group One Trading LLC bought a new position in shares of Grayscale Bitcoin Miners ETF during the 3rd quarter valued at about $38,000. Formidable Asset Management LLC bought a new stake in shares of Grayscale Bitcoin Miners ETF in the third quarter worth about $323,000. Global Retirement Partners LLC lifted its position in shares of Grayscale Bitcoin Miners ETF by 22.1% in the third quarter. Global Retirement Partners LLC now owns 2,396 shares of the company’s stock worth $97,000 after buying an additional 434 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Grayscale Bitcoin Miners ETF during the first quarter valued at approximately $314,000.

About Grayscale Bitcoin Miners ETF

The Grayscale Bitcoin Miners ETF (MNRS) is an exchange-traded fund that is based on the Indxx Bitcoin Miners index. The fund tracks an index of global companies that generate revenue from bitcoin mining activities or mining related services. Constituents are selected and weighted based on market-cap and revenue tied to the relevant theme.