Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Short Interest Update

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,863 shares, a decrease of 46.7% from the August 15th total of 3,498 shares. Based on an average trading volume of 10,109 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the company’s stock are sold short.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

BITC remained flat at $39.85 during trading on Wednesday. 472 shares of the company’s stock traded hands, compared to its average volume of 4,379. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 52 week low of $35.09 and a 52 week high of $48.99. The business’s fifty day simple moving average is $37.78 and its 200 day simple moving average is $38.04.

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.