Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Trading 2.7% Higher – Still a Buy?

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) shares rose 2.7% during trading on Thursday . The company traded as high as $35.14 and last traded at $34.75. 4,344 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 7,629 shares. The stock had previously closed at $33.84.

Grayscale Bitcoin Miners ETF Stock Performance

The company has a market capitalization of $11.47 million, a P/E ratio of 9.91 and a beta of 6.51. The stock’s fifty day moving average price is $35.66 and its 200-day moving average price is $34.63.

Institutional Trading of Grayscale Bitcoin Miners ETF

A number of hedge funds have recently made changes to their positions in MNRS. Global Retirement Partners LLC boosted its stake in shares of Grayscale Bitcoin Miners ETF by 22.1% during the 3rd quarter. Global Retirement Partners LLC now owns 2,396 shares of the company’s stock worth $97,000 after acquiring an additional 434 shares during the period. Group One Trading LLC acquired a new stake in Grayscale Bitcoin Miners ETF during the 3rd quarter valued at $38,000. Formidable Asset Management LLC acquired a new stake in Grayscale Bitcoin Miners ETF during the 3rd quarter valued at $323,000. Finally, Jane Street Group LLC bought a new position in Grayscale Bitcoin Miners ETF during the first quarter worth $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. MNRS was launched on Jan 30, 2025 and is issued by Grayscale.