Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Shares Shorted: Short Interest Up 293.3% in September

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 3,858 shares, a growth of 293.3% from the August 31st total of 981 shares. Based on an average trading volume of 25,078 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Bitwise 10 Crypto Index ETF

A number of hedge funds have recently modified their holdings of BITW. Brandywine Oak Private Wealth LLC increased its stake in shares of Bitwise 10 Crypto Index ETF by 14.4% in the 1st quarter. Brandywine Oak Private Wealth LLC now owns 101,772 shares of the ETF’s stock worth $4,540,000 after acquiring an additional 12,841 shares in the last quarter. Independent Financial Group LLC purchased a new stake in Bitwise 10 Crypto Index ETF in the first quarter worth about $1,568,000. Pasadena Private Wealth LLC purchased a new stake in Bitwise 10 Crypto Index ETF in the first quarter worth about $884,000. Ascentis Independent Advisors bought a new position in shares of Bitwise 10 Crypto Index ETF during the first quarter valued at approximately $32,000. Finally, Private Advisor Group LLC increased its stake in shares of Bitwise 10 Crypto Index ETF by 35.1% during the first quarter. Private Advisor Group LLC now owns 21,247 shares of the ETF’s stock valued at $948,000 after purchasing an additional 5,519 shares in the last quarter.

Bitwise 10 Crypto Index ETF Stock Down 0.2%

Shares of BITW traded down $0.11 on Friday, reaching $55.50. The stock had a trading volume of 17,120 shares, compared to its average volume of 78,885. Bitwise 10 Crypto Index ETF has a 12-month low of $37.20 and a 12-month high of $86.70. The company’s 50-day moving average price is $47.14.

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.