Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Sees Significant Drop in Short Interest

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 39,845 shares, a decline of 25.9% from the November 30th total of 53,759 shares. Currently, 3.5% of the company’s shares are short sold. Based on an average daily trading volume, of 11,907 shares, the short-interest ratio is currently 3.3 days. Based on an average daily trading volume, of 11,907 shares, the short-interest ratio is currently 3.3 days. Currently, 3.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Brookwood Investment Group LLC bought a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the third quarter worth about $233,000. Envestnet Asset Management Inc. acquired a new position in Bitwise Bitcoin Standard Corporations ETF during the 3rd quarter valued at about $934,000. Jane Street Group LLC acquired a new position in Bitwise Bitcoin Standard Corporations ETF during the 2nd quarter valued at about $1,085,000. Citadel Advisors LLC bought a new stake in Bitwise Bitcoin Standard Corporations ETF during the 3rd quarter worth approximately $1,245,000. Finally, Orion Porfolio Solutions LLC bought a new stake in Bitwise Bitcoin Standard Corporations ETF during the 2nd quarter worth approximately $1,794,000.

Bitwise Bitcoin Standard Corporations ETF Stock Down 1.5%

OWNB traded down $0.34 during trading on Tuesday, hitting $21.81. The company’s stock had a trading volume of 163,217 shares, compared to its average volume of 29,350. The firm has a market capitalization of $25.08 million, a P/E ratio of 20.01 and a beta of 5.30. Bitwise Bitcoin Standard Corporations ETF has a twelve month low of $18.91 and a twelve month high of $39.00. The stock’s fifty day moving average price is $27.00 and its 200-day moving average price is $30.69.

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.