Short Interest in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Expands By 669.0%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 323 shares, an increase of 669.0% from the April 15th total of 42 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,279 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the fourth quarter valued at approximately $660,000. Mariner LLC increased its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 21.6% in the fourth quarter. Mariner LLC now owns 5,711 shares of the company’s stock worth $208,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Dagco Inc. bought a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF in the third quarter worth $76,000.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Trading Down 1.6%

Shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock traded down $0.64 on Wednesday, hitting $40.39. 3,261 shares of the company traded hands, compared to its average volume of 5,611. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 52 week low of $35.47 and a 52 week high of $51.40. The business has a 50-day simple moving average of $38.14 and a 200 day simple moving average of $38.27.

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.