Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) Short Interest Down 91.3% in January

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,593 shares, a drop of 91.3% from the December 31st total of 18,377 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 3,137 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 3,137 shares, the short-interest ratio is presently 0.5 days. Currently, 1.1% of the shares of the company are short sold.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Stock Up 0.0%

Shares of NYSEARCA:BTOP traded up $0.01 during trading on Wednesday, hitting $27.81. 527 shares of the stock traded hands, compared to its average volume of 2,685. The company has a fifty day moving average price of $29.98 and a two-hundred day moving average price of $33.98. Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF has a 52-week low of $23.40 and a 52-week high of $41.41. The company has a market cap of $4.17 million, a price-to-earnings ratio of -556.20 and a beta of 2.73.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 26th were given a dividend of $0.6862 per share. This represents a dividend yield of 238.0%. The ex-dividend date was Friday, December 26th. Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF’s dividend payout ratio is -41,620.00%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC purchased a new stake in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,293 shares of the company’s stock, valued at approximately $754,000. Jane Street Group LLC owned about 23.43% of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF as of its most recent SEC filing.

About Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF

The Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. BTOP was launched on Sep 29, 2023 and is issued by Bitwise.