Short Interest in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Rises By 1,010.5%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 10,528 shares, an increase of 1,010.5% from the June 30th total of 948 shares. Currently, 2.6% of the shares of the company are short sold. Based on an average daily volume of 2,438 shares, the short-interest ratio is presently 4.3 days.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Performance

BITC traded down $0.37 during trading on Friday, hitting $36.52. The stock had a trading volume of 2,228 shares, compared to its average volume of 4,441. The company has a 50 day moving average price of $37.82 and a 200-day moving average price of $37.65. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a one year low of $35.09 and a one year high of $50.81.

Hedge Funds Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

A hedge fund recently raised its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC boosted its holdings in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) by 78.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,157 shares of the company’s stock after purchasing an additional 4,450 shares during the quarter. Jane Street Group LLC owned 2.26% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $422,000 at the end of the most recent reporting period.

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.