Bitwise Bitcoin ETF (NYSEARCA:BITB) Short Interest Update

Bitwise Bitcoin ETF (NYSEARCA:BITB) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 405,477 shares, a decrease of 41.8% from the August 31st total of 696,257 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 1,078,272 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Bitwise Bitcoin ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BITB. Atomic Invest LLC grew its position in Bitwise Bitcoin ETF by 34.4% during the second quarter. Atomic Invest LLC now owns 239,200 shares of the company’s stock valued at $7,833,000 after acquiring an additional 61,224 shares during the last quarter. RFG Advisory LLC boosted its stake in shares of Bitwise Bitcoin ETF by 34.9% in the 2nd quarter. RFG Advisory LLC now owns 114,140 shares of the company’s stock valued at $3,636,000 after purchasing an additional 29,558 shares in the last quarter. Waverly Advisors LLC boosted its stake in shares of Bitwise Bitcoin ETF by 29.2% in the 2nd quarter. Waverly Advisors LLC now owns 27,855 shares of the company’s stock valued at $887,000 after purchasing an additional 6,292 shares in the last quarter. Tenet Wealth Partners LLC bought a new position in shares of Bitwise Bitcoin ETF during the 2nd quarter valued at $216,000. Finally, Mason & Associates Inc raised its position in Bitwise Bitcoin ETF by 2.6% in the 2nd quarter. Mason & Associates Inc now owns 24,489 shares of the company’s stock worth $780,000 after purchasing an additional 631 shares during the period.

Bitwise Bitcoin ETF Price Performance

Shares of Bitwise Bitcoin ETF stock traded up $0.20 during trading on Wednesday, hitting $45.54. 847,098 shares of the stock traded hands, compared to its average volume of 2,221,986. The firm’s fifty day moving average is $39.75 and its 200-day moving average is $38.58. Bitwise Bitcoin ETF has a 52 week low of $31.49 and a 52 week high of $68.74.

Bitwise Bitcoin ETF Company Profile

The Bitwise Bitcoin ETF Trust (BITB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.