Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB – Get Free Report) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 24,343 shares, a decline of 38.9% from the December 15th total of 39,845 shares. Approximately 2.1% of the company’s stock are sold short. Based on an average daily volume of 34,629 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 34,629 shares, the short-interest ratio is presently 0.7 days. Approximately 2.1% of the company’s stock are sold short.
Bitwise Bitcoin Standard Corporations ETF Trading Up 2.1%
NYSEARCA:OWNB traded up $0.52 on Friday, reaching $25.57. 9,759 shares of the stock traded hands, compared to its average volume of 25,742. The company has a market capitalization of $29.41 million, a price-to-earnings ratio of 20.01 and a beta of 5.30. Bitwise Bitcoin Standard Corporations ETF has a 12 month low of $18.91 and a 12 month high of $39.00. The company’s fifty day simple moving average is $24.70 and its 200 day simple moving average is $30.14.
Hedge Funds Weigh In On Bitwise Bitcoin Standard Corporations ETF
A number of hedge funds have recently added to or reduced their stakes in OWNB. Orion Porfolio Solutions LLC purchased a new position in shares of Bitwise Bitcoin Standard Corporations ETF in the second quarter worth $1,794,000. Citadel Advisors LLC bought a new stake in Bitwise Bitcoin Standard Corporations ETF during the 3rd quarter worth approximately $1,245,000. Jane Street Group LLC purchased a new position in Bitwise Bitcoin Standard Corporations ETF during the second quarter valued at approximately $1,085,000. Envestnet Asset Management Inc. bought a new position in shares of Bitwise Bitcoin Standard Corporations ETF in the third quarter worth approximately $934,000. Finally, Brookwood Investment Group LLC bought a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the third quarter valued at approximately $233,000.
Bitwise Bitcoin Standard Corporations ETF Company Profile
The Bitwise Bitcoin Standard Corporations ETF (OWNB) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.
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