Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Sees Large Increase in Short Interest

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 948 shares, an increase of 432.6% from the June 15th total of 178 shares. Based on an average daily volume of 1,827 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Performance

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock traded up $0.39 during mid-day trading on Friday, hitting $36.43. The company’s stock had a trading volume of 852 shares, compared to its average volume of 4,591. The business has a 50 day moving average price of $38.61 and a 200-day moving average price of $37.65. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 12 month low of $35.09 and a 12 month high of $51.40.

Institutional Investors Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

An institutional investor recently raised its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Mariner LLC increased its stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) by 21.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,711 shares of the company’s stock after acquiring an additional 1,013 shares during the quarter. Mariner LLC owned approximately 1.43% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.