Bitwise Web3 ETF (NYSEARCA:BWEB) Short Interest Update

Bitwise Web3 ETF (NYSEARCA:BWEB) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 26 shares, a decline of 18.8% from the February 12th total of 32 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 331 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 331 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Bitwise Web3 ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ankerstar Wealth LLC purchased a new stake in Bitwise Web3 ETF in the fourth quarter worth about $76,000. Jane Street Group LLC boosted its position in Bitwise Web3 ETF by 25.7% during the 4th quarter. Jane Street Group LLC now owns 5,692 shares of the company’s stock valued at $403,000 after acquiring an additional 1,163 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Bitwise Web3 ETF during the 4th quarter worth approximately $788,000.

Bitwise Web3 ETF Price Performance

Bitwise Web3 ETF stock traded up $2.10 during mid-day trading on Monday, reaching $68.68. 240 shares of the company traded hands, compared to its average volume of 715. Bitwise Web3 ETF has a 52-week low of $41.19 and a 52-week high of $88.75. The firm has a market capitalization of $5.49 million, a price-to-earnings ratio of 31.67 and a beta of 2.30. The firm’s 50 day moving average price is $69.14 and its 200 day moving average price is $74.60.

Bitwise Web3 ETF Company Profile

The Bitwise Web3 ETF (BWEB) is an exchange-traded fund that is based on the Bitwise Web3 Equities index. The fund tracks a tier-weighted index of companies connected to the global Web 3.0 industry. The selection process is overseen by a committee. BWEB was launched on Oct 4, 2022 and is managed by Bitwise.