Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Short Interest Update

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 735 shares, a growth of 127.6% from the April 30th total of 323 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 3,281 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Mariner LLC raised its holdings in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) by 21.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,711 shares of the company’s stock after purchasing an additional 1,013 shares during the period. Mariner LLC owned about 1.43% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $208,000 as of its most recent SEC filing.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Trading Up 0.1%

Shares of BITC traded up $0.05 during mid-day trading on Tuesday, reaching $38.99. 2,617 shares of the stock traded hands, compared to its average volume of 5,290. The stock has a fifty day simple moving average of $38.55 and a 200 day simple moving average of $38.11. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 12-month low of $35.47 and a 12-month high of $51.40.

About Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

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.