Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Shares Up 0.2% – Time to Buy?

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) traded up 0.2% during mid-day trading on Friday . The stock traded as high as $38.78 and last traded at $38.61. 3,825 shares were traded during mid-day trading, a decline of 50% from the average session volume of 7,666 shares. The stock had previously closed at $38.55.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Trading Up 0.2%

The company’s 50-day moving average is $39.01 and its two-hundred day moving average is $43.81.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 26th were paid a $1.2256 dividend. The ex-dividend date was Friday, December 26th. This represents a dividend yield of 337.0%.

Institutional Investors Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

Several large investors have recently bought and sold shares of the business. Dagco Inc. bought a new position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the 3rd quarter valued at about $76,000. Brookwood Investment Group LLC purchased a new position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the second quarter valued at approximately $201,000. Jane Street Group LLC lifted its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 78.0% during the first quarter. Jane Street Group LLC now owns 10,157 shares of the company’s stock valued at $422,000 after purchasing an additional 4,450 shares during the period. Finally, Atria Investments Inc lifted its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 18.4% during the second quarter. Atria Investments Inc now owns 13,932 shares of the company’s stock valued at $632,000 after purchasing an additional 2,169 shares during the period.

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.