Short Interest in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) Decreases By 91.3%

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 1,593 shares, a decrease of 91.3% from the December 31st total of 18,377 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 3,137 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 3,137 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC acquired a new stake in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,293 shares of the company’s stock, valued at approximately $754,000. Jane Street Group LLC owned approximately 23.43% of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF at the end of the most recent reporting period.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Trading Up 0.0%

Shares of BTOP traded up $0.01 during mid-day trading on Wednesday, hitting $27.81. 527 shares of the company’s stock were exchanged, compared to its average volume of 2,685. The firm has a market capitalization of $4.17 million, a P/E ratio of -556.20 and a beta of 2.73. Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF has a fifty-two week low of $23.40 and a fifty-two week high of $41.41. The business’s 50 day moving average is $29.98 and its two-hundred day moving average is $33.98.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 26th were paid a dividend of $0.6862 per share. This represents a dividend yield of 238.0%. The ex-dividend date of this dividend was Friday, December 26th. Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF’s dividend payout ratio is -41,620.00%.

About Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF

The Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. BTOP was launched on Sep 29, 2023 and is issued by Bitwise.