Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Shares Shorted: Short Interest Down 96.4% in October

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 300 shares, a drop of 96.4% from the October 15th total of 8,434 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 3,243 shares, the days-to-cover ratio is presently 0.1 days.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Performance

Shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock traded up $0.03 on Tuesday, reaching $37.67. 822 shares of the company were exchanged, compared to its average volume of 4,434. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 1-year low of $35.09 and a 1-year high of $42.28. The stock’s 50 day moving average price is $38.64 and its 200-day moving average price is $37.86.

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.