Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Stock Short Interest Falls 96.4%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 300 shares, a drop of 96.4% from the October 15th total of 8,434 shares. Based on an average daily volume of 3,243 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

Shares of BITC stock traded down $0.03 during mid-day trading on Thursday, reaching $37.63. The stock had a trading volume of 2,558 shares, compared to its average volume of 4,406. The stock’s 50-day moving average price is $38.60 and its two-hundred day moving average price is $37.86. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 52-week low of $35.09 and a 52-week high of $42.28.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile

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.