Bitwise Bitcoin ETF (NYSEARCA:BITB) Short Interest Update

Bitwise Bitcoin ETF (NYSEARCA:BITB) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 113,531 shares, a drop of 57.2% from the July 15th total of 265,360 shares. Based on an average daily trading volume, of 1,044,406 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC lifted its holdings in shares of Bitwise Bitcoin ETF by 9.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 12,064 shares of the company’s stock worth $384,000 after buying an additional 1,038 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in Bitwise Bitcoin ETF by 19.0% in the 2nd quarter. Financial Management Professionals Inc. now owns 167,659 shares of the company’s stock valued at $5,343,000 after purchasing an additional 26,738 shares during the period. Sax Wealth Advisors LLC acquired a new stake in Bitwise Bitcoin ETF in the 2nd quarter worth $275,000. Adamsbrown Wealth Consultants LLC grew its position in Bitwise Bitcoin ETF by 3.6% in the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 11,588 shares of the company’s stock worth $369,000 after purchasing an additional 404 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC increased its holdings in shares of Bitwise Bitcoin ETF by 0.4% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 937,917 shares of the company’s stock worth $29,882,000 after purchasing an additional 3,670 shares during the period.

Bitwise Bitcoin ETF Stock Up 2.1%

Bitwise Bitcoin ETF stock traded up $0.71 on Monday, reaching $34.84. 255,661 shares of the stock were exchanged, compared to its average volume of 2,395,251. Bitwise Bitcoin ETF has a twelve month low of $31.49 and a twelve month high of $68.74. The firm has a fifty day moving average price of $34.37 and a two-hundred day moving average price of $37.71.

About Bitwise Bitcoin ETF

The Bitwise Bitcoin ETF Trust (BITB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.