Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Short Interest Update

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 28,839 shares, a growth of 220.3% from the April 30th total of 9,003 shares. Based on an average daily volume of 34,769 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Bitwise 10 Crypto Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BITW. Sound Income Strategies LLC boosted its stake in shares of Bitwise 10 Crypto Index ETF by 155.1% in the first quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock valued at $27,000 after buying an additional 363 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in Bitwise 10 Crypto Index ETF during the first quarter worth about $32,000. PNC Financial Services Group Inc. boosted its holdings in Bitwise 10 Crypto Index ETF by 23.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock worth $116,000 after buying an additional 491 shares in the last quarter. PFG Investments LLC boosted its holdings in Bitwise 10 Crypto Index ETF by 5.6% during the first quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock worth $246,000 after buying an additional 295 shares in the last quarter. Finally, Modern Wealth Management LLC boosted its holdings in Bitwise 10 Crypto Index ETF by 29.1% during the first quarter. Modern Wealth Management LLC now owns 7,455 shares of the ETF’s stock worth $335,000 after buying an additional 1,679 shares in the last quarter.

Bitwise 10 Crypto Index ETF Trading Down 0.2%

Shares of NYSEARCA:BITW opened at $46.93 on Friday. The company has a 50-day moving average price of $48.46. Bitwise 10 Crypto Index ETF has a fifty-two week low of $40.66 and a fifty-two week high of $86.70.

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) is an exchange-traded fund that provides investors with diversified exposure to major digital assets through a single, U.S.-listed security. The fund is managed by Bitwise Asset Management, a firm that specializes in cryptocurrency index products and investment solutions. BITW is designed to reflect the performance of a rules-based index composed of leading cryptocurrencies, offering a convenient way for investors to gain broad crypto market exposure without directly holding private keys or managing multiple wallets.

The fund’s underlying index targets the largest, investable cryptocurrencies and applies an objective methodology to select and weight constituents, with periodic rebalancing to reflect changes in the market.