Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Sees Significant Drop in Short Interest

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,863 shares, a decline of 46.7% from the August 15th total of 3,498 shares. Based on an average trading volume of 10,109 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.5% of the company’s shares are sold short.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Trading Down 0.0%

Shares of NYSEARCA BITC traded down $0.01 during mid-day trading on Tuesday, reaching $39.84. The company had a trading volume of 1,161 shares, compared to its average volume of 4,394. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a twelve month low of $35.09 and a twelve month high of $48.99. The stock’s 50 day moving average is $37.71 and its 200-day moving average is $38.01.

About Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

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.