Short Interest in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Grows By 127.6%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 735 shares, a growth of 127.6% from the April 30th total of 323 shares. Based on an average daily volume of 3,281 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

An institutional investor recently raised its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC increased its holdings in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) by 78.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,157 shares of the company’s stock after acquiring an additional 4,450 shares during the quarter. Jane Street Group LLC owned approximately 2.26% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $422,000 at the end of the most recent quarter.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Performance

Shares of BITC stock traded down $0.03 during trading hours on Friday, hitting $38.94. 1,587 shares of the company were exchanged, compared to its average volume of 5,318. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a one year low of $35.47 and a one year high of $51.40. The business’s 50-day simple moving average is $38.51 and its two-hundred day simple moving average is $38.14.

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.