Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Stock Short Interest Jumps 2,681.3%

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 6,536 shares, an increase of 2,681.3% from the September 30th total of 235 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 29,519 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Bitwise 10 Crypto Index ETF

Institutional investors have recently added to or reduced their stakes in the company. Independent Financial Group LLC bought a new position in shares of Bitwise 10 Crypto Index ETF during the 1st quarter valued at approximately $1,568,000. Pasadena Private Wealth LLC purchased a new position in shares of Bitwise 10 Crypto Index ETF in the first quarter valued at $884,000. Angeles Wealth Management LLC purchased a new position in shares of Bitwise 10 Crypto Index ETF in the third quarter valued at $217,000. Brandywine Oak Private Wealth LLC increased its position in Bitwise 10 Crypto Index ETF by 0.8% in the third quarter. Brandywine Oak Private Wealth LLC now owns 105,763 shares of the ETF’s stock worth $5,806,000 after purchasing an additional 791 shares during the last quarter. Finally, Revolve Wealth Partners LLC increased its position in Bitwise 10 Crypto Index ETF by 10.2% in the third quarter. Revolve Wealth Partners LLC now owns 15,197 shares of the ETF’s stock worth $834,000 after purchasing an additional 1,405 shares during the last quarter.

Bitwise 10 Crypto Index ETF Price Performance

BITW stock opened at $51.26 on Tuesday. The company’s fifty day moving average price is $51.95 and its 200-day moving average price is $47.00. Bitwise 10 Crypto Index ETF has a one year low of $37.20 and a one year high of $79.49.

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) is an exchange-traded fund that provides investors with diversified exposure to major digital assets through a single, U.S.-listed security. The fund is managed by Bitwise Asset Management, a firm that specializes in cryptocurrency index products and investment solutions. BITW is designed to reflect the performance of a rules-based index composed of leading cryptocurrencies, offering a convenient way for investors to gain broad crypto market exposure without directly holding private keys or managing multiple wallets.

The fund’s underlying index targets the largest, investable cryptocurrencies and applies an objective methodology to select and weight constituents, with periodic rebalancing to reflect changes in the market.