Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC – Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 10,528 shares, an increase of 1,010.5% from the June 30th total of 948 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average trading volume of 2,438 shares, the days-to-cover ratio is presently 4.3 days.
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Down 1.0%
BITC traded down $0.37 during trading on Friday, hitting $36.52. The company’s stock had a trading volume of 2,228 shares, compared to its average volume of 4,441. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a one year low of $35.09 and a one year high of $50.81. The business’s 50 day simple moving average is $37.82 and its 200-day simple moving average is $37.65.
Institutional Investors Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF
An institutional investor recently bought a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC bought a new stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,115 shares of the company’s stock, valued at approximately $660,000. Jane Street Group LLC owned 4.53% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF at the end of the most recent quarter.
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.
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