Short Interest in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Grows By 669.0%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 323 shares, an increase of 669.0% from the April 15th total of 42 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 3,279 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BITC. Mariner LLC raised its stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 21.6% during the 4th quarter. Mariner LLC now owns 5,711 shares of the company’s stock worth $208,000 after buying an additional 1,013 shares in the last quarter. Dagco Inc. acquired a new position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the 3rd quarter worth approximately $76,000. Finally, Jane Street Group LLC raised its position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 78.0% during the 1st quarter. Jane Street Group LLC now owns 10,157 shares of the company’s stock worth $422,000 after purchasing an additional 4,450 shares during the last quarter.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Down 1.6%

Shares of BITC stock opened at $40.39 on Thursday. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 1 year low of $35.47 and a 1 year high of $51.40. The stock’s 50-day moving average is $38.14 and its two-hundred day moving average is $38.27.

About Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

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.