Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC – Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 8,434 shares, a growth of 4,225.1% from the September 30th total of 195 shares. Based on an average daily volume of 6,799 shares, the short-interest ratio is presently 1.2 days. Approximately 2.2% of the company’s shares are sold short.
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Trading Up 0.2%
Shares of BITC traded up $0.07 during midday trading on Monday, hitting $37.63. 1,239 shares of the stock were exchanged, compared to its average volume of 4,496. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 52-week low of $35.09 and a 52-week high of $42.28. The stock has a fifty day simple moving average of $39.01 and a 200 day simple moving average of $38.31.
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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