21Shares FTSE Crypto 10 ex-BTC Index ETF (NYSEARCA:TXBC) Sees Large Drop in Short Interest

21Shares FTSE Crypto 10 ex-BTC Index ETF (NYSEARCA:TXBC) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,102 shares, a drop of 50.2% from the September 15th total of 4,221 shares. Based on an average trading volume of 2,384 shares, the short-interest ratio is currently 0.9 days. Approximately 3.0% of the shares of the stock are short sold.

21Shares FTSE Crypto 10 ex-BTC Index ETF Stock Performance

TXBC traded down $0.40 during midday trading on Friday, hitting $16.71. 657 shares of the company traded hands, compared to its average volume of 1,786. The business has a 50 day simple moving average of $16.82 and a two-hundred day simple moving average of $15.18. 21Shares FTSE Crypto 10 ex-BTC Index ETF has a 52-week low of $11.68 and a 52-week high of $25.53.

21Shares FTSE Crypto 10 ex-BTC Index ETF (NYSEARCA: TXBC) is an exchange-traded fund listed on the NYSE Arca that seeks to provide investors with diversified exposure to a basket of major cryptocurrencies while excluding Bitcoin. The fund is designed to track the FTSE Crypto 10 ex BTC Index, an index that represents a selection of large-cap digital assets other than Bitcoin. By packaging multiple crypto exposures into a single, exchange-listed vehicle, TXBC aims to simplify access to a segment of the digital asset market for investors trading on a regulated U.S.