Short Interest in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Grows By 127.6%

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. Based on an average daily volume of 3,281 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

An institutional investor recently raised its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Mariner LLC raised its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) by 21.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,711 shares of the company’s stock after purchasing an additional 1,013 shares during the quarter. Mariner LLC owned about 1.43% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

Shares of NYSEARCA:BITC traded down $0.03 during trading hours on Friday, hitting $38.94. The stock had a trading volume of 1,587 shares, compared to its average volume of 5,318. The stock’s fifty day simple moving average is $38.51 and its 200 day simple moving average is $38.14. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 1-year low of $35.47 and a 1-year high of $51.40.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile

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.