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

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 451 shares, a decline of 37.2% from the June 30th total of 718 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,160 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Bitwise Bitcoin Standard Corporations ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ankerstar Wealth LLC acquired a new stake in Bitwise Bitcoin Standard Corporations ETF during the 4th quarter valued at approximately $40,000. Brookwood Investment Group LLC increased its stake in shares of Bitwise Bitcoin Standard Corporations ETF by 35.7% in the fourth quarter. Brookwood Investment Group LLC now owns 9,468 shares of the company’s stock worth $203,000 after acquiring an additional 2,491 shares during the period. Orion Porfolio Solutions LLC raised its holdings in shares of Bitwise Bitcoin Standard Corporations ETF by 17.6% during the fourth quarter. Orion Porfolio Solutions LLC now owns 109,271 shares of the company’s stock worth $2,346,000 after purchasing an additional 16,376 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Bitwise Bitcoin Standard Corporations ETF during the second quarter worth $1,085,000. Finally, Citadel Advisors LLC acquired a new position in Bitwise Bitcoin Standard Corporations ETF during the third quarter valued at $1,245,000.

Bitwise Bitcoin Standard Corporations ETF Trading Up 8.2%

Shares of OWNB stock traded up $1.33 during mid-day trading on Thursday, reaching $17.46. The stock had a trading volume of 1,096 shares, compared to its average volume of 12,014. Bitwise Bitcoin Standard Corporations ETF has a 1-year low of $15.07 and a 1-year high of $39.00. The firm has a market cap of $14.49 million, a price-to-earnings ratio of 20.01 and a beta of 3.16. The business’s fifty day moving average is $19.24 and its 200-day moving average is $19.73.

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.