Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Sees Large Growth in Short Interest

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 931 shares, a growth of 80.4% from the June 15th total of 516 shares. Based on an average trading volume of 54,549 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Bitwise 10 Crypto Index ETF Trading Down 0.7%

NYSEARCA:BITW opened at $41.17 on Friday. The firm has a fifty day moving average of $43.21. Bitwise 10 Crypto Index ETF has a twelve month low of $37.20 and a twelve month high of $86.70.

Hedge Funds Weigh In On Bitwise 10 Crypto Index ETF

Institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC boosted its position in Bitwise 10 Crypto Index ETF by 155.1% during the 1st quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock valued at $27,000 after acquiring an additional 363 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of Bitwise 10 Crypto Index ETF in the 1st quarter worth approximately $32,000. PNC Financial Services Group Inc. raised its position in shares of Bitwise 10 Crypto Index ETF by 23.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock worth $116,000 after acquiring an additional 491 shares in the last quarter. PFG Investments LLC lifted its stake in shares of Bitwise 10 Crypto Index ETF by 5.6% in the 1st quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock valued at $246,000 after purchasing an additional 295 shares during the period. Finally, Modern Wealth Management LLC lifted its stake in shares of Bitwise 10 Crypto Index ETF by 29.1% in the 1st quarter. Modern Wealth Management LLC now owns 7,455 shares of the ETF’s stock valued at $335,000 after purchasing an additional 1,679 shares during the period.

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.