Bitwise Web3 ETF (NYSEARCA:BWEB) Short Interest Update

Bitwise Web3 ETF (NYSEARCA:BWEB) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 19 shares, a drop of 26.9% from the February 26th total of 26 shares. Based on an average daily trading volume, of 229 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of Bitwise Web3 ETF

A number of institutional investors have recently added to or reduced their stakes in BWEB. Jane Street Group LLC increased its holdings in Bitwise Web3 ETF by 6.9% in the 1st quarter. Jane Street Group LLC now owns 11,604 shares of the company’s stock valued at $560,000 after purchasing an additional 745 shares in the last quarter. Ankerstar Wealth LLC purchased a new position in Bitwise Web3 ETF in the fourth quarter valued at about $76,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Bitwise Web3 ETF during the fourth quarter worth about $788,000.

Bitwise Web3 ETF Price Performance

BWEB stock traded down $1.93 during midday trading on Friday, reaching $61.57. 21 shares of the company’s stock traded hands, compared to its average volume of 633. Bitwise Web3 ETF has a fifty-two week low of $41.19 and a fifty-two week high of $88.75. The business has a 50-day moving average price of $67.50 and a two-hundred day moving average price of $74.12. The company has a market capitalization of $4.93 million, a P/E ratio of 31.67 and a beta of 2.30.

About Bitwise Web3 ETF

The Bitwise Web3 ETF (BWEB) is an exchange-traded fund that is based on the Bitwise Web3 Equities index. The fund tracks a tier-weighted index of companies connected to the global Web 3.0 industry. The selection process is overseen by a committee. BWEB was launched on Oct 4, 2022 and is managed by Bitwise.