Bitwise Bitcoin ETF (NYSEARCA:BITB) Short Interest Update

Bitwise Bitcoin ETF (NYSEARCA:BITB) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 696,257 shares, a growth of 1,473.9% from the August 15th total of 44,237 shares. Based on an average daily trading volume, of 1,927,063 shares, the short-interest ratio is presently 0.4 days. Currently, 1.0% of the shares of the company are sold short.

Bitwise Bitcoin ETF Stock Down 1.3%

Bitwise Bitcoin ETF stock traded down $0.57 during mid-day trading on Thursday, reaching $41.86. 811,166 shares of the company were exchanged, compared to its average volume of 2,320,658. The firm’s 50-day simple moving average is $37.27 and its two-hundred day simple moving average is $37.94. Bitwise Bitcoin ETF has a twelve month low of $31.49 and a twelve month high of $68.74.

Hedge Funds Weigh In On Bitwise Bitcoin ETF

A number of large investors have recently bought and sold shares of BITB. Millennium Management LLC lifted its position in Bitwise Bitcoin ETF by 2.9% in the fourth quarter. Millennium Management LLC now owns 3,605,179 shares of the company’s stock valued at $171,462,000 after purchasing an additional 102,140 shares during the period. Schonfeld Strategic Advisors LLC increased its position in Bitwise Bitcoin ETF by 40.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,105,512 shares of the company’s stock worth $52,578,000 after purchasing an additional 315,860 shares during the period. Beaird Harris Wealth Management LLC raised its stake in shares of Bitwise Bitcoin ETF by 0.4% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 937,917 shares of the company’s stock worth $29,882,000 after buying an additional 3,670 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Bitwise Bitcoin ETF by 19.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 928,886 shares of the company’s stock worth $34,192,000 after buying an additional 153,599 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Bitwise Bitcoin ETF by 323.9% in the 4th quarter. Wells Fargo & Company MN now owns 821,082 shares of the company’s stock valued at $39,051,000 after buying an additional 627,405 shares during the period.

Bitwise Bitcoin ETF Company Profile

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.