Short Interest in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Declines By 69.8%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITCGet Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 3,180 shares, a drop of 69.8% from the July 15th total of 10,528 shares. Based on an average daily volume of 1,230 shares, the short-interest ratio is presently 2.6 days. Currently, 0.8% of the company’s shares are short sold.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Trading Down 0.1%

NYSEARCA:BITC opened at $35.48 on Thursday. The company’s 50-day moving average is $37.06 and its two-hundred day moving average is $37.51. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 1-year low of $35.09 and a 1-year high of $50.81.

Institutional Investors Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

A hedge fund recently bought a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC acquired a new position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITCFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 18,115 shares of the company’s stock, valued at approximately $660,000. Jane Street Group LLC owned about 4.53% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF at the end of the most recent quarter.

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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