Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Short Interest Down 46.7% in August

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 1,863 shares, a drop of 46.7% from the August 15th total of 3,498 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 10,109 shares, the days-to-cover ratio is presently 0.2 days.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

NYSEARCA BITC remained flat at $39.85 during trading hours on Thursday. 1,501 shares of the company were exchanged, compared to its average volume of 4,362. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a one year low of $35.09 and a one year high of $48.99. The business’s 50-day simple moving average is $37.87 and its 200-day simple moving average is $38.06.

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.