Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) Short Interest Down 43.3% in March

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOPGet Free Report) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 925 shares, a decline of 43.3% from the February 26th total of 1,630 shares. Based on an average daily volume of 907 shares, the short-interest ratio is presently 1.0 days. Currently, 0.6% of the shares of the stock are sold short.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Stock Down 4.8%

NYSEARCA BTOP traded down $1.43 on Friday, reaching $28.26. 528 shares of the stock traded hands, compared to its average volume of 1,350. Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF has a 12 month low of $23.40 and a 12 month high of $41.41. The company has a market cap of $4.24 million, a price-to-earnings ratio of -565.20 and a beta of 2.73. The firm’s fifty day simple moving average is $28.49 and its 200 day simple moving average is $31.23.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC bought a new position in shares of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOPFree Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 29,293 shares of the company’s stock, valued at approximately $754,000. Jane Street Group LLC owned 23.43% of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF as of its most recent SEC filing.

About Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF

(Get Free Report)

The Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. BTOP was launched on Sep 29, 2023 and is issued by Bitwise.

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