Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Short Interest Update

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 931 shares, an increase of 80.4% from the June 15th total of 516 shares. Based on an average trading volume of 54,549 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Bitwise 10 Crypto Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC grew its holdings in shares of Bitwise 10 Crypto Index ETF by 155.1% in the first quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock valued at $27,000 after purchasing an additional 363 shares during the period. Ascentis Independent Advisors purchased a new stake in shares of Bitwise 10 Crypto Index ETF in the 1st quarter valued at approximately $32,000. PNC Financial Services Group Inc. increased its holdings in shares of Bitwise 10 Crypto Index ETF by 23.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock worth $116,000 after buying an additional 491 shares during the last quarter. PFG Investments LLC increased its holdings in shares of Bitwise 10 Crypto Index ETF by 5.6% during the 1st quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock worth $246,000 after buying an additional 295 shares during the last quarter. Finally, Modern Wealth Management LLC increased its holdings in shares of Bitwise 10 Crypto Index ETF by 29.1% during the 1st quarter. Modern Wealth Management LLC now owns 7,455 shares of the ETF’s stock worth $335,000 after buying an additional 1,679 shares during the last quarter.

Bitwise 10 Crypto Index ETF Price Performance

BITW stock opened at $41.17 on Friday. The company has a 50-day simple moving average of $43.21. Bitwise 10 Crypto Index ETF has a 12 month low of $37.20 and a 12 month high of $86.70.

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.