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

21Shares FTSE Crypto 10 ex-BTC Index ETF (NYSEARCA:TXBC) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,576 shares, a growth of 837.7% from the August 15th total of 488 shares. Based on an average trading volume of 1,921 shares, the days-to-cover ratio is currently 2.4 days. Approximately 7.6% of the company’s stock are sold short.

21Shares FTSE Crypto 10 ex-BTC Index ETF Stock Up 2.4%

NYSEARCA TXBC traded up $0.41 on Friday, hitting $17.29. 9,324 shares of the stock were exchanged, compared to its average volume of 1,819. 21Shares FTSE Crypto 10 ex-BTC Index ETF has a fifty-two week low of $11.68 and a fifty-two week high of $25.53. The firm has a 50-day simple moving average of $14.51.

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.