Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC – Get Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 948 shares, an increase of 432.6% from the June 15th total of 178 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 1,827 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Trading of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF
An institutional investor recently raised its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Mariner LLC grew its holdings in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC – Free Report) by 21.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,711 shares of the company’s stock after acquiring an additional 1,013 shares during the quarter. Mariner LLC owned about 1.43% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $208,000 at the end of the most recent quarter.
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance
NYSEARCA:BITC traded down $0.90 during trading hours on Monday, hitting $35.53. 14,279 shares of the company’s stock traded hands, compared to its average volume of 4,665. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 52 week low of $35.09 and a 52 week high of $51.40. The business’s fifty day simple moving average is $38.61 and its two-hundred day simple moving average is $37.65.
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile
The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of bitcoin futures contracts that exhibit the highest implied roll yield, collateralized by short-term debt securities. The fund seeks to provide capital appreciation with low correlation to traditional asset classes. BITC was launched on Mar 20, 2023 and is managed by Bitwise.
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