Bitwise Bitcoin ETF (NYSEARCA:BITB) Short Interest Update

Bitwise Bitcoin ETF (NYSEARCA:BITB) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 44,237 shares, a decline of 61.0% from the July 30th total of 113,531 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 871,251 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Bitwise Bitcoin ETF

Large investors have recently added to or reduced their stakes in the company. GeoWealth Management LLC bought a new stake in shares of Bitwise Bitcoin ETF during the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its position in Bitwise Bitcoin ETF by 262.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock worth $42,000 after purchasing an additional 643 shares during the period. Geneos Wealth Management Inc. lifted its position in Bitwise Bitcoin ETF by 53.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,202 shares of the company’s stock worth $44,000 after purchasing an additional 421 shares during the period. Kingdom Financial Group LLC. acquired a new stake in Bitwise Bitcoin ETF during the fourth quarter worth $65,000. Finally, Hollencrest Capital Management boosted its stake in Bitwise Bitcoin ETF by 35.9% during the fourth quarter. Hollencrest Capital Management now owns 1,529 shares of the company’s stock worth $73,000 after buying an additional 404 shares in the last quarter.

Bitwise Bitcoin ETF Trading Down 3.0%

Shares of Bitwise Bitcoin ETF stock traded down $1.30 during midday trading on Friday, hitting $42.09. The company had a trading volume of 2,333,260 shares, compared to its average volume of 2,385,439. Bitwise Bitcoin ETF has a 1-year low of $31.49 and a 1-year high of $68.74. The business’s 50 day simple moving average is $35.50 and its two-hundred day simple moving average is $37.57.

About Bitwise Bitcoin ETF

The Bitwise Bitcoin ETF Trust (BITB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.