Short Interest in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) Decreases By 43.3%

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 925 shares, a decline of 43.3% from the February 26th total of 1,630 shares. Based on an average trading volume of 907 shares, the short-interest ratio is presently 1.0 days. Approximately 0.6% of the shares of the company are short sold.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Stock Performance

Shares of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF stock traded down $1.43 on Friday, reaching $28.26. 528 shares of the company were exchanged, compared to its average volume of 1,350. The firm has a market cap of $4.24 million, a price-to-earnings ratio of -565.20 and a beta of 2.73. Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF has a 1-year low of $23.40 and a 1-year high of $41.41. The company’s 50-day moving average is $28.49 and its two-hundred day moving average is $31.23.

Hedge Funds Weigh In On Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF

An institutional investor recently bought a new position in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC purchased a new position in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 29,293 shares of the company’s stock, valued at approximately $754,000. Jane Street Group LLC owned 23.43% of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF at the end of the most recent quarter.

About Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF

The Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. BTOP was launched on Sep 29, 2023 and is issued by Bitwise.