Bitwise Bitcoin ETF (NYSEARCA:BITB – Get Free Report) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 40,308 shares, a decrease of 83.5% from the May 14th total of 244,240 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,381,287 shares, the short-interest ratio is presently 0.0 days.
Bitwise Bitcoin ETF Price Performance
Shares of Bitwise Bitcoin ETF stock traded down $0.11 on Wednesday, reaching $33.57. 1,450,708 shares of the company’s stock were exchanged, compared to its average volume of 2,865,005. Bitwise Bitcoin ETF has a 52 week low of $32.10 and a 52 week high of $68.74. The firm’s 50-day moving average is $40.14 and its two-hundred day moving average is $42.58.
Institutional Investors Weigh In On Bitwise Bitcoin ETF
A number of institutional investors and hedge funds have recently bought and sold shares of BITB. GeoWealth Management LLC purchased a new stake in shares of Bitwise Bitcoin ETF during the 4th quarter valued at $32,000. Founders Capital Management increased its holdings in Bitwise Bitcoin ETF by 105.9% in the 4th quarter. Founders Capital Management now owns 700 shares of the company’s stock worth $33,000 after acquiring an additional 360 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in Bitwise Bitcoin ETF in the 4th quarter worth about $34,000. Lodestone Wealth Management LLC bought a new position in Bitwise Bitcoin ETF in the 4th quarter worth about $38,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Bitwise Bitcoin ETF by 262.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 888 shares of the company’s stock worth $42,000 after purchasing an additional 643 shares during the period.
About Bitwise Bitcoin ETF
The Bitwise Bitcoin ETF Trust (BITB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.
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