Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Shares Shorted: Short Interest Down 87.3% in October

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 239 shares, a decrease of 87.3% from the September 30th total of 1,886 shares. Based on an average trading volume of 2,282 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Bitwise Bitcoin Standard Corporations ETF Stock Performance

Shares of NYSEARCA:OWNB traded up $0.27 during trading hours on Tuesday, hitting $18.95. 412 shares of the company’s stock traded hands, compared to its average volume of 9,193. The company’s fifty day simple moving average is $20.95 and its two-hundred day simple moving average is $19.91. The company has a market cap of $15.73 million, a price-to-earnings ratio of 20.01 and a beta of 3.05. Bitwise Bitcoin Standard Corporations ETF has a 52 week low of $15.07 and a 52 week high of $36.74.

Institutional Trading of Bitwise Bitcoin Standard Corporations ETF

An institutional investor recently raised its position in Bitwise Bitcoin Standard Corporations ETF stock. Citadel Advisors LLC raised its holdings in shares of Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) by 94.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,854 shares of the company’s stock after buying an additional 17,868 shares during the period. Citadel Advisors LLC owned about 4.44% of Bitwise Bitcoin Standard Corporations ETF worth $648,000 as of its most recent SEC filing.

Bitwise Bitcoin Standard Corporations ETF Company Profile

The Bitwise Bitcoin Standard Corporations ETF (OWNB) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.