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

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 10,528 shares, an increase of 1,010.5% from the June 30th total of 948 shares. Based on an average daily trading volume, of 2,438 shares, the short-interest ratio is currently 4.3 days. Approximately 2.6% of the company’s shares are sold short.

Institutional Trading of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

A hedge fund recently bought a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC purchased a new stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 18,115 shares of the company’s stock, valued at approximately $660,000. Jane Street Group LLC owned about 4.53% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF as of its most recent SEC filing.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

BITC traded down $0.37 during trading on Friday, reaching $36.52. The stock had a trading volume of 2,228 shares, compared to its average volume of 4,441. The stock’s 50 day moving average is $37.82 and its two-hundred day moving average is $37.65. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a one year low of $35.09 and a one year high of $50.81.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile

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.