Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Short Interest Up 1,508.1% in August

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 11,707 shares, a growth of 1,508.1% from the July 30th total of 728 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 23,917 shares, the days-to-cover ratio is presently 0.5 days.

Bitwise 10 Crypto Index ETF Stock Up 0.2%

Shares of NYSEARCA:BITW traded up $0.11 during midday trading on Tuesday, reaching $51.60. 53,676 shares of the company were exchanged, compared to its average volume of 85,555. Bitwise 10 Crypto Index ETF has a fifty-two week low of $37.20 and a fifty-two week high of $86.70. The stock’s fifty day moving average price is $41.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Brandywine Oak Private Wealth LLC raised its holdings in shares of Bitwise 10 Crypto Index ETF by 14.4% in the first quarter. Brandywine Oak Private Wealth LLC now owns 101,772 shares of the ETF’s stock valued at $4,540,000 after purchasing an additional 12,841 shares during the last quarter. Pasadena Private Wealth LLC acquired a new position in Bitwise 10 Crypto Index ETF during the first quarter worth $884,000. Independent Financial Group LLC bought a new position in Bitwise 10 Crypto Index ETF in the first quarter valued at $1,568,000. Basecamp Wealth Advisors LLC bought a new position in Bitwise 10 Crypto Index ETF in the first quarter valued at $531,000. Finally, Western Wealth Management LLC increased its stake in Bitwise 10 Crypto Index ETF by 16.3% in the 1st quarter. Western Wealth Management LLC now owns 66,716 shares of the ETF’s stock valued at $2,976,000 after buying an additional 9,326 shares during the last quarter.

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.