Bitwise Web3 ETF (NYSEARCA:BWEB – Get Free Report) saw a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 26 shares, a decrease of 18.8% from the February 12th total of 32 shares. Based on an average trading volume of 331 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 331 shares, the short-interest ratio is presently 0.1 days.
Bitwise Web3 ETF Stock Performance
Shares of NYSEARCA BWEB remained flat at $68.68 during mid-day trading on Tuesday. The company had a trading volume of 240 shares, compared to its average volume of 715. The business has a fifty day moving average price of $69.14 and a 200-day moving average price of $74.60. Bitwise Web3 ETF has a twelve month low of $41.19 and a twelve month high of $88.75. The stock has a market capitalization of $5.49 million, a PE ratio of 31.67 and a beta of 2.30.
Institutional Investors Weigh In On Bitwise Web3 ETF
Several large investors have recently made changes to their positions in BWEB. Jane Street Group LLC raised its position in Bitwise Web3 ETF by 6.9% in the 1st quarter. Jane Street Group LLC now owns 11,604 shares of the company’s stock worth $560,000 after purchasing an additional 745 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Bitwise Web3 ETF in the 4th quarter valued at about $788,000. Finally, Ankerstar Wealth LLC bought a new position in shares of Bitwise Web3 ETF in the 4th quarter valued at about $76,000.
About Bitwise Web3 ETF
The Bitwise Web3 ETF (BWEB) is an exchange-traded fund that is based on the Bitwise Web3 Equities index. The fund tracks a tier-weighted index of companies connected to the global Web 3.0 industry. The selection process is overseen by a committee. BWEB was launched on Oct 4, 2022 and is managed by Bitwise.
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