Short Interest in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Decreases By 84.2%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 116 shares, a drop of 84.2% from the May 14th total of 735 shares. Based on an average daily volume of 3,445 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC lifted its holdings in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) by 78.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,157 shares of the company’s stock after purchasing an additional 4,450 shares during the quarter. Jane Street Group LLC owned about 2.26% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $422,000 as of its most recent SEC filing.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Performance

Shares of NYSEARCA:BITC traded down $0.05 during trading on Friday, reaching $38.98. The stock had a trading volume of 312 shares, compared to its average volume of 5,110. The business has a fifty day moving average price of $38.90 and a 200-day moving average price of $38.02. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a fifty-two week low of $35.47 and a fifty-two week high of $51.40.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile

The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of bitcoin futures contracts that exhibit the highest implied roll yield, collateralized by short-term debt securities. The fund seeks to provide capital appreciation with low correlation to traditional asset classes. BITC was launched on Mar 20, 2023 and is managed by Bitwise.