Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Stock Short Interest Report for October

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 8,434 shares, an increase of 4,225.1% from the September 30th total of 195 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average trading volume of 6,799 shares, the days-to-cover ratio is presently 1.2 days.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

NYSEARCA BITC opened at $37.61 on Wednesday. The company’s fifty day simple moving average is $38.98 and its 200-day simple moving average is $37.84. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 52 week low of $35.09 and a 52 week high of $42.28.

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.