Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Short Interest Down 69.8% in July

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,180 shares, a drop of 69.8% from the July 15th total of 10,528 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,230 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Trading of 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. Mariner LLC raised its position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) by 21.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,711 shares of the company’s stock after buying an additional 1,013 shares during the period. Mariner LLC owned about 1.43% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock opened at $35.48 on Thursday. The company’s 50 day simple moving average is $37.06 and its 200-day simple moving average is $37.51. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 1 year low of $35.09 and a 1 year high of $50.81.

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.