Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Stock Short Interest Jumps 4,225.1%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 8,434 shares, an increase of 4,225.1% from the September 30th total of 195 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average daily volume of 6,799 shares, the days-to-cover ratio is presently 1.2 days.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Trading Up 0.2%

Shares of BITC stock traded up $0.07 during trading on Monday, reaching $37.63. The company’s stock had a trading volume of 1,239 shares, compared to its average volume of 4,496. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 1-year low of $35.09 and a 1-year high of $42.28. The stock’s 50-day moving average price is $39.01 and its 200 day moving average price is $38.31.

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.