Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Stock Short Interest Falls 96.4%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 300 shares, a decline of 96.4% from the October 15th total of 8,434 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 3,243 shares, the short-interest ratio is currently 0.1 days.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Down 0.0%

NYSEARCA BITC traded down $0.01 during trading hours on Wednesday, hitting $37.66. 474 shares of the company’s stock traded hands, compared to its average volume of 4,416. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 52-week low of $35.09 and a 52-week high of $42.28. The firm’s 50-day moving average is $38.64 and its 200-day moving average is $37.86.

About Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

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.