Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Short Interest Down 91.6% in August

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 981 shares, a decrease of 91.6% from the August 15th total of 11,707 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 35,319 shares, the days-to-cover ratio is currently 0.0 days.

Bitwise 10 Crypto Index ETF Price Performance

NYSEARCA BITW traded up $0.41 on Friday, reaching $50.80. 10,339 shares of the company’s stock traded hands, compared to its average volume of 81,334. Bitwise 10 Crypto Index ETF has a 12 month low of $37.20 and a 12 month high of $86.70. The stock has a 50-day moving average price of $44.42.

Hedge Funds Weigh In On Bitwise 10 Crypto Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in BITW. Cetera Investment Advisers lifted its stake in Bitwise 10 Crypto Index ETF by 3.8% in the first quarter. Cetera Investment Advisers now owns 123,936 shares of the ETF’s stock worth $5,528,000 after purchasing an additional 4,515 shares during the last quarter. Brandywine Oak Private Wealth LLC lifted its stake in shares of Bitwise 10 Crypto Index ETF by 14.4% in the 1st quarter. Brandywine Oak Private Wealth LLC now owns 101,772 shares of the ETF’s stock valued at $4,540,000 after acquiring an additional 12,841 shares during the last quarter. Western Wealth Management LLC boosted its holdings in Bitwise 10 Crypto Index ETF by 16.3% during the 1st quarter. Western Wealth Management LLC now owns 66,716 shares of the ETF’s stock valued at $2,976,000 after acquiring an additional 9,326 shares during the period. Independent Financial Group LLC bought a new position in Bitwise 10 Crypto Index ETF during the 1st quarter worth approximately $1,568,000. Finally, Private Advisor Group LLC increased its stake in Bitwise 10 Crypto Index ETF by 35.1% in the 1st quarter. Private Advisor Group LLC now owns 21,247 shares of the ETF’s stock worth $948,000 after purchasing an additional 5,519 shares during the period.

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) is an exchange-traded fund that provides investors with diversified exposure to major digital assets through a single, U.S.-listed security. The fund is managed by Bitwise Asset Management, a firm that specializes in cryptocurrency index products and investment solutions. BITW is designed to reflect the performance of a rules-based index composed of leading cryptocurrencies, offering a convenient way for investors to gain broad crypto market exposure without directly holding private keys or managing multiple wallets.

The fund’s underlying index targets the largest, investable cryptocurrencies and applies an objective methodology to select and weight constituents, with periodic rebalancing to reflect changes in the market.