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

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 522 shares, a decrease of 78.4% from the August 31st total of 2,419 shares. Based on an average daily volume of 1,990 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Bitwise Bitcoin Standard Corporations ETF

A hedge fund recently raised its position in Bitwise Bitcoin Standard Corporations ETF stock. Citadel Advisors LLC boosted its position in shares of Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) by 94.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,854 shares of the company’s stock after acquiring an additional 17,868 shares during the period. Citadel Advisors LLC owned about 4.44% of Bitwise Bitcoin Standard Corporations ETF worth $648,000 as of its most recent SEC filing.

Bitwise Bitcoin Standard Corporations ETF Stock Performance

Shares of OWNB traded down $0.42 during midday trading on Friday, hitting $23.23. The company had a trading volume of 441 shares, compared to its average volume of 10,076. The company’s 50-day simple moving average is $19.44 and its 200-day simple moving average is $19.48. The firm has a market capitalization of $19.28 million, a P/E ratio of 20.01 and a beta of 3.21. Bitwise Bitcoin Standard Corporations ETF has a 1 year low of $15.07 and a 1 year high of $39.00.

About Bitwise Bitcoin Standard Corporations ETF

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