Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Sees Large Decrease in Short Interest

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 39,845 shares, a decrease of 25.9% from the November 30th total of 53,759 shares. Based on an average daily volume of 11,907 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.5% of the shares of the stock are sold short. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily volume of 11,907 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Investors Weigh In On Bitwise Bitcoin Standard Corporations ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC increased its holdings in Bitwise Bitcoin Standard Corporations ETF by 64.5% in the third quarter. Orion Porfolio Solutions LLC now owns 92,895 shares of the company’s stock valued at $3,103,000 after purchasing an additional 36,413 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Bitwise Bitcoin Standard Corporations ETF in the third quarter valued at about $1,245,000. Jane Street Group LLC bought a new position in shares of Bitwise Bitcoin Standard Corporations ETF during the second quarter worth about $1,085,000. Envestnet Asset Management Inc. bought a new position in shares of Bitwise Bitcoin Standard Corporations ETF during the third quarter worth about $934,000. Finally, Brookwood Investment Group LLC acquired a new stake in Bitwise Bitcoin Standard Corporations ETF during the 3rd quarter valued at approximately $233,000.

Bitwise Bitcoin Standard Corporations ETF Stock Down 1.5%

Shares of OWNB traded down $0.34 during midday trading on Tuesday, hitting $21.81. The company’s stock had a trading volume of 163,217 shares, compared to its average volume of 29,350. Bitwise Bitcoin Standard Corporations ETF has a one year low of $18.91 and a one year high of $39.00. The stock has a market capitalization of $25.08 million, a price-to-earnings ratio of 20.01 and a beta of 5.30. The company’s fifty day simple moving average is $27.00 and its two-hundred day simple moving average is $30.69.

Bitwise Bitcoin Standard Corporations ETF Company Profile

The Bitwise Bitcoin Standard Corporations ETF (OWNB) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.