Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB – Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 14,043 shares, an increase of 126.6% from the January 15th total of 6,197 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 27,143 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 27,143 shares, the short-interest ratio is currently 0.5 days. Approximately 1.2% of the company’s stock are sold short.
Institutional Investors Weigh In On Bitwise Bitcoin Standard Corporations ETF
Several institutional investors and hedge funds have recently modified their holdings of OWNB. Orion Porfolio Solutions LLC bought a new position in Bitwise Bitcoin Standard Corporations ETF during the second quarter valued at about $1,794,000. Brookwood Investment Group LLC acquired a new position in shares of Bitwise Bitcoin Standard Corporations ETF during the 3rd quarter valued at about $233,000. Envestnet Asset Management Inc. bought a new position in shares of Bitwise Bitcoin Standard Corporations ETF in the 3rd quarter valued at approximately $934,000. Ankerstar Wealth LLC bought a new position in shares of Bitwise Bitcoin Standard Corporations ETF in the 4th quarter valued at approximately $40,000. Finally, Citadel Advisors LLC acquired a new stake in Bitwise Bitcoin Standard Corporations ETF in the 3rd quarter worth approximately $1,245,000.
Bitwise Bitcoin Standard Corporations ETF Stock Up 4.4%
Shares of OWNB traded up $0.77 during midday trading on Friday, reaching $18.35. 23,053 shares of the stock were exchanged, compared to its average volume of 24,428. The company has a market cap of $21.10 million, a price-to-earnings ratio of 20.01 and a beta of 5.30. Bitwise Bitcoin Standard Corporations ETF has a 12-month low of $16.74 and a 12-month high of $39.00. The firm has a 50 day simple moving average of $22.84 and a 200-day simple moving average of $28.27.
About Bitwise Bitcoin Standard Corporations ETF
The Bitwise Bitcoin Standard Corporations ETF (OWNB) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.
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