Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) Short Interest Up 127.7% in December

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 10,576 shares, a growth of 127.7% from the November 30th total of 4,645 shares. Currently, 4.2% of the company’s shares are short sold. Based on an average daily volume of 13,451 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 13,451 shares, the days-to-cover ratio is presently 0.8 days. Currently, 4.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF

An institutional investor recently bought a new position in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC acquired a new position in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 29,293 shares of the company’s stock, valued at approximately $754,000. Jane Street Group LLC owned 23.43% of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF at the end of the most recent reporting period.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Trading Down 2.3%

NYSEARCA BTOP traded down $0.69 during trading hours on Friday, hitting $28.78. 51,759 shares of the company’s stock were exchanged, compared to its average volume of 3,875. The firm has a market cap of $7.20 million, a price-to-earnings ratio of -575.60 and a beta of 2.73. The stock has a 50-day simple moving average of $31.37 and a 200 day simple moving average of $34.30. Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF has a 1-year low of $23.40 and a 1-year high of $41.41.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 26th will be paid a $0.6862 dividend. The ex-dividend date is Friday, December 26th. This represents a dividend yield of 238.0%. Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF’s payout ratio is currently -41,620.00%.

About Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF

The Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. BTOP was launched on Sep 29, 2023 and is issued by Bitwise.