Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Short Interest Down 99.3% in May

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 212 shares, a decline of 99.3% from the May 14th total of 28,839 shares. Based on an average trading volume of 51,007 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Bitwise 10 Crypto Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BITW. Sound Income Strategies LLC increased its stake in Bitwise 10 Crypto Index ETF by 155.1% during the 1st quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. Ascentis Independent Advisors bought a new stake in Bitwise 10 Crypto Index ETF during the 1st quarter valued at $32,000. PNC Financial Services Group Inc. increased its stake in Bitwise 10 Crypto Index ETF by 23.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock valued at $116,000 after purchasing an additional 491 shares in the last quarter. PFG Investments LLC increased its stake in Bitwise 10 Crypto Index ETF by 5.6% during the 1st quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock valued at $246,000 after purchasing an additional 295 shares in the last quarter. Finally, Modern Wealth Management LLC increased its stake in Bitwise 10 Crypto Index ETF by 29.1% during the 1st quarter. Modern Wealth Management LLC now owns 7,455 shares of the ETF’s stock valued at $335,000 after purchasing an additional 1,679 shares in the last quarter.

Bitwise 10 Crypto Index ETF Stock Up 2.7%

Shares of Bitwise 10 Crypto Index ETF stock traded up $1.06 during trading on Thursday, reaching $40.39. 39,935 shares of the company traded hands, compared to its average volume of 105,748. Bitwise 10 Crypto Index ETF has a 1-year low of $37.56 and a 1-year high of $86.70. The company has a 50 day moving average price of $47.76.

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) is an exchange-traded fund that provides investors with diversified exposure to major digital assets through a single, U.S.-listed security. The fund is managed by Bitwise Asset Management, a firm that specializes in cryptocurrency index products and investment solutions. BITW is designed to reflect the performance of a rules-based index composed of leading cryptocurrencies, offering a convenient way for investors to gain broad crypto market exposure without directly holding private keys or managing multiple wallets.

The fund’s underlying index targets the largest, investable cryptocurrencies and applies an objective methodology to select and weight constituents, with periodic rebalancing to reflect changes in the market.