Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Stock Price Up 2.1% – Still a Buy?

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITCGet Free Report)’s stock price was up 2.1% on Wednesday . The company traded as high as $37.55 and last traded at $37.55. Approximately 2,330 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 6,820 shares. The stock had previously closed at $36.76.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Performance

The firm’s 50 day simple moving average is $36.79 and its 200 day simple moving average is $39.91.

Institutional Trading of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the fourth quarter valued at about $660,000. Mariner LLC boosted its holdings in 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 valued at $208,000 after acquiring an additional 1,013 shares during the period. Brookwood Investment Group LLC grew its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 13.7% during the 3rd quarter. Brookwood Investment Group LLC now owns 5,039 shares of the company’s stock worth $228,000 after acquiring an additional 607 shares during the last quarter. Finally, Dagco Inc. purchased a new position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF in the 3rd quarter worth approximately $76,000.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile

(Get Free Report)

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.

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