Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Shares Down 3.7% – Here’s Why

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNBGet Free Report)’s stock price traded down 3.7% on Thursday . The stock traded as low as $17.74 and last traded at $17.77. 4,050 shares changed hands during trading, a decline of 71% from the average daily volume of 13,876 shares. The stock had previously closed at $18.46.

Bitwise Bitcoin Standard Corporations ETF Stock Down 3.5%

The firm has a market capitalization of $18.01 million, a PE ratio of 20.01 and a beta of 2.94. The business’s 50-day moving average price is $21.10 and its 200-day moving average price is $20.72.

Institutional Investors Weigh In On Bitwise Bitcoin Standard Corporations ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. bought a new position in Bitwise Bitcoin Standard Corporations ETF in the third quarter valued at approximately $934,000. Orion Porfolio Solutions LLC raised its position in shares of Bitwise Bitcoin Standard Corporations ETF by 64.5% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 92,895 shares of the company’s stock valued at $3,103,000 after acquiring an additional 36,413 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Bitwise Bitcoin Standard Corporations ETF in the 2nd quarter valued at $1,085,000. Citadel Advisors LLC acquired a new position in shares of Bitwise Bitcoin Standard Corporations ETF in the 3rd quarter valued at $1,245,000. Finally, Brookwood Investment Group LLC boosted its position in shares of Bitwise Bitcoin Standard Corporations ETF by 35.7% in the 4th quarter. Brookwood Investment Group LLC now owns 9,468 shares of the company’s stock worth $203,000 after purchasing an additional 2,491 shares during the last quarter.

Bitwise Bitcoin Standard Corporations ETF Company Profile

(Get Free Report)

The Bitwise Bitcoin Standard Corporations ETF (OWNB) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.

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