Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) Trading Up 0.5% – Here’s What Happened

Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) shares traded up 0.5% during mid-day trading on Friday . The stock traded as high as $13.23 and last traded at $13.12. Approximately 13,122 shares changed hands during trading, a decline of 27% from the average daily volume of 18,094 shares. The stock had previously closed at $13.06.

Grayscale Bitcoin Covered Call ETF Stock Up 0.5%

The business’s fifty day simple moving average is $14.70 and its 200 day simple moving average is $16.91.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BTCC. Arete Wealth Advisors LLC bought a new stake in shares of Grayscale Bitcoin Covered Call ETF during the 1st quarter valued at about $216,000. OLD Mission Capital LLC lifted its holdings in Grayscale Bitcoin Covered Call ETF by 372.0% in the fourth quarter. OLD Mission Capital LLC now owns 56,409 shares of the company’s stock worth $1,213,000 after acquiring an additional 44,458 shares during the last quarter. Jane Street Group LLC boosted its stake in 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 during the period. L & S Advisors Inc boosted its stake in 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 during the period. Finally, Ulland Investment Advisors LLC boosted its stake 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 valued at $84,000 after acquiring an additional 1,999 shares during the period.

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.