Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Sees Large Decline in Short Interest

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 3,180 shares, a decrease of 69.8% from the July 15th total of 10,528 shares. Based on an average trading volume of 1,230 shares, the short-interest ratio is presently 2.6 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Investors Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

An institutional investor recently raised its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Mariner LLC grew its position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) by 21.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,711 shares of the company’s stock after acquiring an additional 1,013 shares during the quarter. Mariner LLC owned 1.43% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $208,000 at the end of the most recent reporting period.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Trading Up 0.1%

BITC traded up $0.02 during trading on Friday, hitting $35.49. The company had a trading volume of 480 shares, compared to its average volume of 4,164. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a one year low of $35.09 and a one year high of $48.99. The firm’s 50-day moving average price is $36.92 and its 200 day moving average price is $37.49.

About Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

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.