Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Short Interest Down 46.7% in August

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,863 shares, a drop of 46.7% from the August 15th total of 3,498 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 10,109 shares, the short-interest ratio is currently 0.2 days.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

Shares of NYSEARCA BITC traded down $0.01 during midday trading on Tuesday, reaching $39.84. The company’s stock had a trading volume of 1,161 shares, compared to its average volume of 4,394. The stock has a 50 day simple moving average of $37.71 and a 200-day simple moving average of $38.01. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a fifty-two week low of $35.09 and a fifty-two week high of $48.99.

About Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

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.