Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Short Interest Up 669.0% in April

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 323 shares, an increase of 669.0% from the April 15th total of 42 shares. Based on an average daily trading volume, of 3,279 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Performance

BITC stock remained flat at $41.59 during midday trading on Tuesday. 6,999 shares of the company’s stock were exchanged, compared to its average volume of 5,698. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a twelve month low of $35.47 and a twelve month high of $51.40. The stock’s 50-day moving average is $37.97 and its 200-day moving average is $38.29.

Institutional Trading of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC increased its stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 78.0% in the first quarter. Jane Street Group LLC now owns 10,157 shares of the company’s stock worth $422,000 after purchasing an additional 4,450 shares in the last quarter. Mariner LLC boosted its position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 21.6% during the fourth quarter. Mariner LLC now owns 5,711 shares of the company’s stock worth $208,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Dagco Inc. bought a new position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the third quarter worth $76,000.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile

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.