21Shares FTSE Crypto 10 ex-BTC Index ETF (NYSEARCA:TXBC) Sees Large Drop in Short Interest

21Shares FTSE Crypto 10 ex-BTC Index ETF (NYSEARCA:TXBC) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 488 shares, a drop of 55.2% from the July 30th total of 1,089 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,075 shares, the short-interest ratio is presently 0.5 days.

21Shares FTSE Crypto 10 ex-BTC Index ETF Price Performance

TXBC traded down $0.62 during midday trading on Friday, hitting $16.83. The stock had a trading volume of 3,795 shares, compared to its average volume of 1,693. The company’s fifty day moving average is $13.57. 21Shares FTSE Crypto 10 ex-BTC Index ETF has a 1 year low of $11.68 and a 1 year high of $25.53.

21Shares FTSE Crypto 10 ex-BTC Index ETF (NYSEARCA: TXBC) is an exchange-traded fund listed on the NYSE Arca that seeks to provide investors with diversified exposure to a basket of major cryptocurrencies while excluding Bitcoin. The fund is designed to track the FTSE Crypto 10 ex BTC Index, an index that represents a selection of large-cap digital assets other than Bitcoin. By packaging multiple crypto exposures into a single, exchange-listed vehicle, TXBC aims to simplify access to a segment of the digital asset market for investors trading on a regulated U.S.