Bitwise Web3 ETF (NYSEARCA:BWEB) Short Interest Update

Bitwise Web3 ETF (NYSEARCA:BWEB) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 158 shares, a decline of 49.7% from the December 15th total of 314 shares. Based on an average daily volume of 396 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 396 shares, the days-to-cover ratio is currently 0.4 days.

Bitwise Web3 ETF Stock Down 0.5%

Shares of BWEB stock traded down $0.35 during trading hours on Thursday, hitting $75.24. 785 shares of the company’s stock traded hands, compared to its average volume of 479. Bitwise Web3 ETF has a 12-month low of $41.19 and a 12-month high of $88.75. The stock has a market cap of $6.02 million, a price-to-earnings ratio of 31.67 and a beta of 2.30. The stock’s fifty day simple moving average is $73.45 and its two-hundred day simple moving average is $75.46.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bitwise Web3 ETF stock. Jane Street Group LLC raised its holdings in shares of Bitwise Web3 ETF (NYSEARCA:BWEB) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,604 shares of the company’s stock after acquiring an additional 745 shares during the quarter. Jane Street Group LLC owned approximately 18.13% of Bitwise Web3 ETF worth $560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Bitwise Web3 ETF Company Profile

The Bitwise Web3 ETF (BWEB) is an exchange-traded fund that is based on the Bitwise Web3 Equities index. The fund tracks a tier-weighted index of companies connected to the global Web 3.0 industry. The selection process is overseen by a committee. BWEB was launched on Oct 4, 2022 and is managed by Bitwise.