Bitwise Web3 ETF (NYSEARCA:BWEB) Short Interest Up 62.0% in January

Bitwise Web3 ETF (NYSEARCA:BWEB) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 256 shares, an increase of 62.0% from the December 31st total of 158 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 521 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 521 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Bitwise Web3 ETF

An institutional investor recently bought a new position in Bitwise Web3 ETF stock. Sanctuary Advisors LLC purchased a new position in shares of Bitwise Web3 ETF (NYSEARCA:BWEB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,139 shares of the company’s stock, valued at approximately $788,000. Sanctuary Advisors LLC owned about 13.92% of Bitwise Web3 ETF as of its most recent SEC filing.

Bitwise Web3 ETF Trading Down 5.8%

Shares of BWEB traded down $4.26 on Friday, reaching $69.55. 353 shares of the company’s stock were exchanged, compared to its average volume of 538. Bitwise Web3 ETF has a 12 month low of $41.19 and a 12 month high of $88.75. The business has a 50 day moving average price of $73.65 and a two-hundred day moving average price of $75.94. The stock has a market capitalization of $5.56 million, a P/E ratio of 31.67 and a beta of 2.30.

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.