Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Sees Significant Growth in Short Interest

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITCGet Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 948 shares, a growth of 432.6% from the June 15th total of 178 shares. Based on an average daily trading volume, of 1,827 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

An institutional investor recently bought a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC bought a new stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITCFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,115 shares of the company’s stock, valued at approximately $660,000. Jane Street Group LLC owned approximately 4.53% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF as of its most recent SEC filing.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

NYSEARCA:BITC traded up $0.39 on Friday, reaching $36.43. 852 shares of the company’s stock were exchanged, compared to its average volume of 4,591. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 52 week low of $35.09 and a 52 week high of $51.40. The stock has a fifty day simple moving average of $38.61 and a 200-day simple moving average of $37.65.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile

(Get Free Report)

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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