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

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 16,111 shares, a growth of 1,044.2% from the March 31st total of 1,408 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 3,521 shares, the days-to-cover ratio is presently 4.6 days.

Institutional Investors Weigh In On Bitwise Bitcoin Standard Corporations ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ankerstar Wealth LLC bought a new position in shares of Bitwise Bitcoin Standard Corporations ETF in the 4th quarter worth approximately $40,000. Brookwood Investment Group LLC bought a new stake in Bitwise Bitcoin Standard Corporations ETF during the third quarter valued at approximately $233,000. Envestnet Asset Management Inc. purchased a new stake in Bitwise Bitcoin Standard Corporations ETF during the third quarter valued at approximately $934,000. Jane Street Group LLC purchased a new stake in Bitwise Bitcoin Standard Corporations ETF during the second quarter valued at approximately $1,085,000. Finally, Citadel Advisors LLC bought a new position in Bitwise Bitcoin Standard Corporations ETF in the third quarter worth approximately $1,245,000.

Bitwise Bitcoin Standard Corporations ETF Price Performance

Bitwise Bitcoin Standard Corporations ETF stock traded down $0.25 during mid-day trading on Friday, reaching $21.15. 1,526 shares of the stock traded hands, compared to its average volume of 15,761. Bitwise Bitcoin Standard Corporations ETF has a 12-month low of $15.07 and a 12-month high of $39.00. The business’s 50-day moving average is $18.21 and its 200-day moving average is $23.75. The stock has a market capitalization of $22.21 million, a PE ratio of 20.01 and a beta of 3.60.

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.