Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 116 shares, a decline of 84.2% from the May 14th total of 735 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,445 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Mariner LLC raised its holdings in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC – Free Report) by 21.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,711 shares of the company’s stock after acquiring an additional 1,013 shares during the period. Mariner LLC owned approximately 1.43% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $208,000 at the end of the most recent reporting period.
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Up 0.1%
Shares of BITC traded up $0.02 on Thursday, hitting $39.05. The company’s stock had a trading volume of 6,502 shares, compared to its average volume of 5,110. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a fifty-two week low of $35.47 and a fifty-two week high of $51.40. The company has a 50 day moving average price of $38.90 and a 200 day moving average price of $38.02.
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.
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