Short Interest in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Decreases By 84.2%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 116 shares, a decrease of 84.2% from the May 14th total of 735 shares. Based on an average daily trading volume, of 3,445 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Mariner LLC boosted its position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) by 21.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,711 shares of the company’s stock after purchasing an additional 1,013 shares during the quarter. Mariner LLC owned about 1.43% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Trading Up 0.1%

BITC traded up $0.03 during trading on Wednesday, hitting $39.08. 837 shares of the stock were exchanged, compared to its average volume of 5,096. The firm has a 50 day simple moving average of $38.79 and a 200 day simple moving average of $38.04. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 1 year low of $35.47 and a 1 year high of $51.40.

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.