Short Interest in Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Decreases By 74.5%

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNBGet Free Report) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 6,197 shares, a drop of 74.5% from the December 31st total of 24,343 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 27,380 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 27,380 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.5% of the shares of the company are short sold.

Bitwise Bitcoin Standard Corporations ETF Trading Down 0.9%

Shares of NYSEARCA:OWNB traded down $0.22 during midday trading on Wednesday, hitting $23.69. The stock had a trading volume of 4,884 shares, compared to its average volume of 29,321. Bitwise Bitcoin Standard Corporations ETF has a 1 year low of $18.91 and a 1 year high of $39.00. The stock has a 50 day moving average price of $24.22 and a two-hundred day moving average price of $29.54. The company has a market capitalization of $27.24 million, a PE ratio of 20.01 and a beta of 5.30.

Institutional Investors Weigh In On Bitwise Bitcoin Standard Corporations ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Brookwood Investment Group LLC purchased a new stake in shares of Bitwise Bitcoin Standard Corporations ETF in the 3rd quarter worth about $233,000. Envestnet Asset Management Inc. acquired a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the third quarter valued at $934,000. Jane Street Group LLC purchased a new stake in Bitwise Bitcoin Standard Corporations ETF during the 2nd quarter worth about $1,085,000. Citadel Advisors LLC purchased a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the third quarter worth about $1,245,000. Finally, Orion Porfolio Solutions LLC purchased a new position in Bitwise Bitcoin Standard Corporations ETF in the second quarter valued at approximately $1,794,000.

Bitwise Bitcoin Standard Corporations ETF Company Profile

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The Bitwise Bitcoin Standard Corporations ETF (OWNB) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.

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