Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Stock Short Interest Declines 66.3%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 195 shares, a decrease of 66.3% from the September 15th total of 578 shares. Based on an average trading volume of 4,355 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are short sold.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Performance

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock traded up $0.01 during mid-day trading on Monday, hitting $37.60. 2,673 shares of the company were exchanged, compared to its average volume of 4,580. The business has a fifty day moving average of $38.62 and a 200 day moving average of $38.23. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 1-year low of $35.09 and a 1-year high of $45.88.

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.