Bitwise Web3 ETF (NYSEARCA:BWEB) Short Interest Update

Bitwise Web3 ETF (NYSEARCA:BWEB) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 158 shares, a decrease of 49.7% from the December 15th total of 314 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 396 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 396 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Bitwise Web3 ETF

A hedge fund recently raised its stake in Bitwise Web3 ETF stock. Jane Street Group LLC boosted its stake in Bitwise Web3 ETF (NYSEARCA:BWEB) by 6.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,604 shares of the company’s stock after acquiring an additional 745 shares during the period. Jane Street Group LLC owned 18.13% of Bitwise Web3 ETF worth $560,000 as of its most recent SEC filing.

Bitwise Web3 ETF Stock Performance

NYSEARCA BWEB traded up $1.32 on Friday, reaching $76.56. 1,095 shares of the company’s stock traded hands, compared to its average volume of 527. The stock has a 50 day moving average price of $73.41 and a 200-day moving average price of $75.52. The firm has a market cap of $6.12 million, a price-to-earnings ratio of 31.67 and a beta of 2.30. Bitwise Web3 ETF has a fifty-two week low of $41.19 and a fifty-two week high of $88.75.

About Bitwise Web3 ETF

The Bitwise Web3 ETF (BWEB) is an exchange-traded fund that is based on the Bitwise Web3 Equities index. The fund tracks a tier-weighted index of companies connected to the global Web 3.0 industry. The selection process is overseen by a committee. BWEB was launched on Oct 4, 2022 and is managed by Bitwise.