Bitwise Bitcoin ETF (NYSEARCA:BITB) Short Interest Update

Bitwise Bitcoin ETF (NYSEARCA:BITB) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 405,477 shares, a decline of 41.8% from the August 31st total of 696,257 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,078,272 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Bitwise Bitcoin ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in Bitwise Bitcoin ETF by 19.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 928,886 shares of the company’s stock valued at $34,192,000 after purchasing an additional 153,599 shares during the period. Bank of America Corp DE grew its position in Bitwise Bitcoin ETF by 134.2% during the first quarter. Bank of America Corp DE now owns 216,907 shares of the company’s stock worth $7,984,000 after buying an additional 124,299 shares in the last quarter. Beaird Harris Wealth Management LLC increased its stake in Bitwise Bitcoin ETF by 18.9% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 768,789 shares of the company’s stock worth $36,564,000 after acquiring an additional 122,276 shares during the last quarter. Vise Technologies Inc. raised its holdings in shares of Bitwise Bitcoin ETF by 260.3% in the 4th quarter. Vise Technologies Inc. now owns 165,386 shares of the company’s stock valued at $7,866,000 after acquiring an additional 119,490 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC raised its holdings in shares of Bitwise Bitcoin ETF by 64.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 299,597 shares of the company’s stock valued at $9,545,000 after acquiring an additional 117,411 shares in the last quarter.

Bitwise Bitcoin ETF Trading Up 0.4%

Shares of Bitwise Bitcoin ETF stock traded up $0.20 on Wednesday, reaching $45.54. The stock had a trading volume of 847,098 shares, compared to its average volume of 2,221,986. Bitwise Bitcoin ETF has a 1 year low of $31.49 and a 1 year high of $68.74. The business’s 50 day moving average is $39.75 and its two-hundred day moving average is $38.58.

About Bitwise Bitcoin ETF

The Bitwise Bitcoin ETF Trust (BITB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.