Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Stock Short Interest Report for October

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 6,536 shares, an increase of 2,681.3% from the September 30th total of 235 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 29,519 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Bitwise 10 Crypto Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC boosted its holdings in shares of Bitwise 10 Crypto Index ETF by 155.1% in the 1st quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock valued at $27,000 after buying an additional 363 shares during the last quarter. Ascentis Independent Advisors bought a new position in shares of Bitwise 10 Crypto Index ETF in the first quarter valued at $32,000. PNC Financial Services Group Inc. grew its stake in shares of Bitwise 10 Crypto Index ETF by 23.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock valued at $116,000 after buying an additional 491 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Bitwise 10 Crypto Index ETF during the third quarter worth $230,000. Finally, tru Independence LLC acquired a new position in Bitwise 10 Crypto Index ETF during the third quarter worth $267,000.

Bitwise 10 Crypto Index ETF Stock Performance

NYSEARCA BITW traded down $1.03 during trading hours on Monday, hitting $51.26. 23,909 shares of the company traded hands, compared to its average volume of 73,666. The business’s 50-day moving average is $51.95 and its 200-day moving average is $47.00. Bitwise 10 Crypto Index ETF has a twelve month low of $37.20 and a twelve month high of $79.49.

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.