Short Interest in Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Declines By 75.7%

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 4,992 shares, a decline of 75.7% from the April 30th total of 20,569 shares. Based on an average daily trading volume, of 6,401 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Investors Weigh In On Bitwise Bitcoin Standard Corporations ETF

Several institutional investors have recently bought and sold shares of the business. Orion Porfolio Solutions LLC grew its stake in Bitwise Bitcoin Standard Corporations ETF by 17.6% during the fourth quarter. Orion Porfolio Solutions LLC now owns 109,271 shares of the company’s stock worth $2,346,000 after buying an additional 16,376 shares during the period. Ankerstar Wealth LLC purchased a new stake in Bitwise Bitcoin Standard Corporations ETF during the fourth quarter worth approximately $40,000. Brookwood Investment Group LLC grew its stake in Bitwise Bitcoin Standard Corporations ETF by 35.7% during the fourth quarter. Brookwood Investment Group LLC now owns 9,468 shares of the company’s stock worth $203,000 after buying an additional 2,491 shares during the period. Citadel Advisors LLC purchased a new position in shares of Bitwise Bitcoin Standard Corporations ETF in the third quarter valued at $1,245,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Bitwise Bitcoin Standard Corporations ETF in the third quarter valued at $934,000.

Bitwise Bitcoin Standard Corporations ETF Trading Up 0.8%

OWNB traded up $0.19 during trading on Friday, hitting $22.69. 3,495 shares of the company’s stock were exchanged, compared to its average volume of 13,163. Bitwise Bitcoin Standard Corporations ETF has a 1 year low of $15.07 and a 1 year high of $39.00. The stock has a 50 day moving average price of $19.91 and a 200 day moving average price of $21.50. The firm has a market cap of $23.82 million, a P/E ratio of 20.01 and a beta of 2.95.

Bitwise Bitcoin Standard Corporations ETF Company Profile

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