Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Short Interest Up 1,508.1% in August

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 11,707 shares, a growth of 1,508.1% from the July 30th total of 728 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 23,917 shares, the short-interest ratio is presently 0.5 days.

Bitwise 10 Crypto Index ETF Stock Performance

BITW traded up $0.11 on Tuesday, hitting $51.60. 53,676 shares of the company were exchanged, compared to its average volume of 85,555. Bitwise 10 Crypto Index ETF has a 12 month low of $37.20 and a 12 month high of $86.70. The company has a fifty day moving average price of $41.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Rose Capital Advisors LLC bought a new stake in shares of Bitwise 10 Crypto Index ETF during the 2nd quarter worth approximately $219,000. Basecamp Wealth Advisors LLC bought a new position in shares of Bitwise 10 Crypto Index ETF in the first quarter valued at $531,000. Western Wealth Management LLC grew its stake in shares of Bitwise 10 Crypto Index ETF by 16.3% in the first quarter. Western Wealth Management LLC now owns 66,716 shares of the ETF’s stock valued at $2,976,000 after buying an additional 9,326 shares in the last quarter. Modern Wealth Management LLC increased 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 during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Bitwise 10 Crypto Index ETF by 3.8% during the first quarter. Cetera Investment Advisers now owns 123,936 shares of the ETF’s stock worth $5,528,000 after buying an additional 4,515 shares during the last quarter.

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.