Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Sees Large Increase in Short Interest

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 5,283 shares, a growth of 181.5% from the February 26th total of 1,877 shares. Based on an average daily trading volume, of 7,817 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the company’s stock are sold short.

Bitwise Bitcoin Standard Corporations ETF Price Performance

Bitwise Bitcoin Standard Corporations ETF stock traded down $0.70 during mid-day trading on Friday, hitting $16.09. The company’s stock had a trading volume of 3,680 shares, compared to its average volume of 18,740. The firm’s 50 day moving average is $19.50 and its 200 day moving average is $25.80. The company has a market cap of $18.50 million, a PE ratio of 20.01 and a beta of 5.30. Bitwise Bitcoin Standard Corporations ETF has a 52-week low of $15.99 and a 52-week high of $39.00.

Institutional Trading of Bitwise Bitcoin Standard Corporations ETF

A number of hedge funds have recently made changes to their positions in OWNB. Ankerstar Wealth LLC acquired a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the fourth quarter worth approximately $40,000. Brookwood Investment Group LLC lifted its position in Bitwise Bitcoin Standard Corporations ETF by 35.7% in the 4th quarter. Brookwood Investment Group LLC now owns 9,468 shares of the company’s stock worth $203,000 after buying an additional 2,491 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Bitwise Bitcoin Standard Corporations ETF in the 3rd quarter worth approximately $934,000. Jane Street Group LLC acquired a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the 2nd quarter valued at $1,085,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the 3rd quarter valued at $1,245,000.

Bitwise Bitcoin Standard Corporations ETF Company Profile

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