Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Shares Shorted: Short Interest Up 293.3% in September

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 3,858 shares, an increase of 293.3% from the August 31st total of 981 shares. Based on an average daily trading volume, of 25,078 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Bitwise 10 Crypto Index ETF Stock Performance

Shares of NYSEARCA:BITW traded down $0.15 during mid-day trading on Friday, hitting $55.46. 10,814 shares of the company traded hands, compared to its average volume of 78,846. The stock’s 50 day moving average price is $46.86. Bitwise 10 Crypto Index ETF has a 52-week low of $37.20 and a 52-week high of $86.70.

Institutional Trading of Bitwise 10 Crypto Index ETF

A number of hedge funds have recently made changes to their positions in BITW. Cetera Investment Advisers boosted its stake in shares of Bitwise 10 Crypto Index ETF by 3.8% in the first quarter. Cetera Investment Advisers now owns 123,936 shares of the ETF’s stock valued at $5,528,000 after purchasing an additional 4,515 shares during the period. Brandywine Oak Private Wealth LLC lifted its holdings in Bitwise 10 Crypto Index ETF by 14.4% in the 1st quarter. Brandywine Oak Private Wealth LLC now owns 101,772 shares of the ETF’s stock worth $4,540,000 after buying an additional 12,841 shares in the last quarter. Western Wealth Management LLC lifted its holdings in Bitwise 10 Crypto Index ETF by 16.3% in the 1st quarter. Western Wealth Management LLC now owns 66,716 shares of the ETF’s stock worth $2,976,000 after buying an additional 9,326 shares in the last quarter. Independent Financial Group LLC purchased a new position in Bitwise 10 Crypto Index ETF in the 1st quarter valued at about $1,568,000. Finally, Private Advisor Group LLC boosted its position in Bitwise 10 Crypto Index ETF by 35.1% in the 1st quarter. Private Advisor Group LLC now owns 21,247 shares of the ETF’s stock valued at $948,000 after buying an additional 5,519 shares during the last quarter.

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) is an exchange-traded fund that provides investors with diversified exposure to major digital assets through a single, U.S.-listed security. The fund is managed by Bitwise Asset Management, a firm that specializes in cryptocurrency index products and investment solutions. BITW is designed to reflect the performance of a rules-based index composed of leading cryptocurrencies, offering a convenient way for investors to gain broad crypto market exposure without directly holding private keys or managing multiple wallets.

The fund’s underlying index targets the largest, investable cryptocurrencies and applies an objective methodology to select and weight constituents, with periodic rebalancing to reflect changes in the market.