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

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 981 shares, a decline of 91.6% from the August 15th total of 11,707 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 35,319 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Bitwise 10 Crypto Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sound Income Strategies LLC increased its holdings in 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 worth $27,000 after purchasing an additional 363 shares in the last quarter. Ascentis Independent Advisors bought a new stake in shares of Bitwise 10 Crypto Index ETF in the 1st quarter valued at $32,000. PNC Financial Services Group Inc. increased its stake in shares of Bitwise 10 Crypto Index ETF by 23.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock valued at $116,000 after acquiring an additional 491 shares in the last quarter. Rose Capital Advisors LLC acquired a new position in shares of Bitwise 10 Crypto Index ETF during the 2nd quarter valued at $219,000. Finally, PFG Investments LLC lifted its position in shares of Bitwise 10 Crypto Index ETF by 5.6% during the 1st quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock valued at $246,000 after acquiring an additional 295 shares during the period.

Bitwise 10 Crypto Index ETF Stock Up 0.9%

NYSEARCA BITW traded up $0.44 during mid-day trading on Friday, reaching $50.84. 15,266 shares of the stock were exchanged, compared to its average volume of 81,369. Bitwise 10 Crypto Index ETF has a one year low of $37.20 and a one year high of $86.70. The company has a 50 day moving average of $44.65.

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.