Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Sees Large Drop in Short Interest

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 235 shares, a decrease of 93.9% from the September 15th total of 3,858 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 37,119 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Bitwise 10 Crypto Index ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers raised its holdings in Bitwise 10 Crypto Index ETF by 3.8% during the first quarter. Cetera Investment Advisers now owns 123,936 shares of the ETF’s stock valued at $5,528,000 after acquiring an additional 4,515 shares during the period. Brandywine Oak Private Wealth LLC boosted its stake in shares of Bitwise 10 Crypto Index ETF by 14.4% in the first quarter. Brandywine Oak Private Wealth LLC now owns 101,772 shares of the ETF’s stock worth $4,540,000 after acquiring an additional 12,841 shares during the period. Western Wealth Management LLC grew its position in shares of Bitwise 10 Crypto Index ETF by 16.3% during the first quarter. Western Wealth Management LLC now owns 66,716 shares of the ETF’s stock worth $2,976,000 after purchasing an additional 9,326 shares in the last quarter. Independent Financial Group LLC purchased a new stake in shares of Bitwise 10 Crypto Index ETF during the first quarter worth about $1,568,000. Finally, Private Advisor Group LLC raised its stake in Bitwise 10 Crypto Index ETF by 35.1% during the 1st quarter. Private Advisor Group LLC now owns 21,247 shares of the ETF’s stock valued at $948,000 after purchasing an additional 5,519 shares during the period.

Bitwise 10 Crypto Index ETF Price Performance

NYSEARCA BITW traded up $0.34 on Friday, reaching $53.24. 17,987 shares of the stock were exchanged, compared to its average volume of 76,426. Bitwise 10 Crypto Index ETF has a one year low of $37.20 and a one year high of $83.89. The company’s 50-day simple moving average is $49.78 and its two-hundred day simple moving average is $46.50.

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.