Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Short Interest Up 1,010.5% in July

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 10,528 shares, an increase of 1,010.5% from the June 30th total of 948 shares. Based on an average daily volume of 2,438 shares, the short-interest ratio is presently 4.3 days. Approximately 2.6% of the shares of the stock are short sold.

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

A hedge fund recently bought a new position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC bought a new position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 18,115 shares of the company’s stock, valued at approximately $660,000. Jane Street Group LLC owned about 4.53% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF as of its most recent SEC filing.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Down 1.0%

Shares of BITC traded down $0.37 during mid-day trading on Friday, reaching $36.52. 2,228 shares of the stock traded hands, compared to its average volume of 4,441. The firm has a fifty day moving average price of $37.82 and a 200 day moving average price of $37.65. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 1 year low of $35.09 and a 1 year high of $50.81.

About Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

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.