Bitwise Web3 ETF (NYSEARCA:BWEB) Short Interest Update

Bitwise Web3 ETF (NYSEARCA:BWEB) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 256 shares, an increase of 62.0% from the December 31st total of 158 shares. Based on an average daily volume of 521 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 521 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Bitwise Web3 ETF

A hedge fund recently raised its stake in Bitwise Web3 ETF stock. Jane Street Group LLC raised its holdings in Bitwise Web3 ETF (NYSEARCA:BWEB) by 6.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,604 shares of the company’s stock after buying an additional 745 shares during the period. Jane Street Group LLC owned about 18.13% of Bitwise Web3 ETF worth $560,000 at the end of the most recent quarter.

Bitwise Web3 ETF Stock Performance

NYSEARCA BWEB traded down $4.26 on Friday, reaching $69.55. The company’s stock had a trading volume of 353 shares, compared to its average volume of 538. The firm’s 50 day moving average is $73.65 and its two-hundred day moving average is $75.89. The stock has a market cap of $5.56 million, a PE ratio of 31.67 and a beta of 2.30. Bitwise Web3 ETF has a twelve month low of $41.19 and a twelve month high of $88.75.

About Bitwise Web3 ETF

The Bitwise Web3 ETF (BWEB) is an exchange-traded fund that is based on the Bitwise Web3 Equities index. The fund tracks a tier-weighted index of companies connected to the global Web 3.0 industry. The selection process is overseen by a committee. BWEB was launched on Oct 4, 2022 and is managed by Bitwise.