Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Short Interest Down 99.3% in May

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 212 shares, a decline of 99.3% from the May 14th total of 28,839 shares. Based on an average daily volume of 51,007 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Bitwise 10 Crypto Index ETF Trading Down 2.2%

Shares of BITW stock traded down $0.91 during trading hours on Tuesday, hitting $39.56. The stock had a trading volume of 135,838 shares, compared to its average volume of 105,929. Bitwise 10 Crypto Index ETF has a one year low of $37.56 and a one year high of $86.70. The business has a 50-day simple moving average of $47.84.

Institutional Investors Weigh In On Bitwise 10 Crypto Index ETF

Several large investors have recently made changes to their positions in the company. Western Wealth Management LLC increased its holdings in shares of Bitwise 10 Crypto Index ETF by 16.3% in the first quarter. Western Wealth Management LLC now owns 66,716 shares of the ETF’s stock worth $2,976,000 after purchasing an additional 9,326 shares during the last quarter. Modern Wealth Management LLC increased its holdings in shares of Bitwise 10 Crypto Index ETF by 29.1% in the first quarter. Modern Wealth Management LLC now owns 7,455 shares of the ETF’s stock worth $335,000 after purchasing an additional 1,679 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Bitwise 10 Crypto Index ETF by 3.8% in the first quarter. Cetera Investment Advisers now owns 123,936 shares of the ETF’s stock worth $5,528,000 after purchasing an additional 4,515 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Bitwise 10 Crypto Index ETF by 23.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock worth $116,000 after purchasing an additional 491 shares during the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of Bitwise 10 Crypto Index ETF in the first quarter worth about $1,568,000.

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) is an exchange-traded fund that provides investors with diversified exposure to major digital assets through a single, U.S.-listed security. The fund is managed by Bitwise Asset Management, a firm that specializes in cryptocurrency index products and investment solutions. BITW is designed to reflect the performance of a rules-based index composed of leading cryptocurrencies, offering a convenient way for investors to gain broad crypto market exposure without directly holding private keys or managing multiple wallets.

The fund’s underlying index targets the largest, investable cryptocurrencies and applies an objective methodology to select and weight constituents, with periodic rebalancing to reflect changes in the market.