Bitwise Bitcoin ETF (NYSEARCA:BITB) Short Interest Update

Bitwise Bitcoin ETF (NYSEARCA:BITB) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 244,240 shares, an increase of 84.8% from the April 30th total of 132,135 shares. Based on an average trading volume of 1,367,915 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Bitwise Bitcoin ETF

Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in shares of Bitwise Bitcoin ETF by 12.7% in the third quarter. Envestnet Asset Management Inc. now owns 142,317 shares of the company’s stock valued at $8,855,000 after buying an additional 16,041 shares during the period. Balance Wealth LLC raised its position in Bitwise Bitcoin ETF by 65.0% during the fourth quarter. Balance Wealth LLC now owns 57,308 shares of the company’s stock valued at $2,726,000 after purchasing an additional 22,567 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its position in Bitwise Bitcoin ETF by 35.5% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 62,850 shares of the company’s stock valued at $2,989,000 after purchasing an additional 16,463 shares in the last quarter. Financial Management Professionals Inc. raised its position in Bitwise Bitcoin ETF by 1,393.9% during the fourth quarter. Financial Management Professionals Inc. now owns 101,484 shares of the company’s stock valued at $4,827,000 after purchasing an additional 94,691 shares in the last quarter. Finally, Hunting Hill Global Capital LLC raised its position in Bitwise Bitcoin ETF by 11.5% during the third quarter. Hunting Hill Global Capital LLC now owns 231,430 shares of the company’s stock valued at $14,400,000 after purchasing an additional 23,935 shares in the last quarter.

Bitwise Bitcoin ETF Stock Performance

Shares of NYSEARCA:BITB opened at $35.49 on Thursday. Bitwise Bitcoin ETF has a 12-month low of $33.81 and a 12-month high of $68.74. The business has a 50 day moving average of $40.42 and a 200-day moving average of $43.04.

About Bitwise Bitcoin ETF

The Bitwise Bitcoin ETF Trust (BITB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.