Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Stock Short Interest Climbs 261.3%

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,886 shares, an increase of 261.3% from the September 15th total of 522 shares. Based on an average daily volume of 3,345 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

Bitwise Bitcoin Standard Corporations ETF Trading Up 0.9%

Shares of NYSEARCA OWNB traded up $0.20 during midday trading on Friday, reaching $21.33. The company’s stock had a trading volume of 1,720 shares, compared to its average volume of 9,645. The company has a 50 day moving average price of $20.42 and a 200 day moving average price of $19.77. Bitwise Bitcoin Standard Corporations ETF has a one year low of $15.07 and a one year high of $39.00. The company has a market cap of $17.70 million, a price-to-earnings ratio of 20.01 and a beta of 3.05.

Hedge Funds Weigh In On Bitwise Bitcoin Standard Corporations ETF

An institutional investor recently raised its stake in Bitwise Bitcoin Standard Corporations ETF stock. Citadel Advisors LLC grew its holdings in Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) by 94.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,854 shares of the company’s stock after purchasing an additional 17,868 shares during the quarter. Citadel Advisors LLC owned about 4.44% of Bitwise Bitcoin Standard Corporations ETF worth $648,000 as of its most recent filing with the SEC.

About Bitwise Bitcoin Standard Corporations ETF

The Bitwise Bitcoin Standard Corporations ETF (OWNB) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.