Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Stock Short Interest Jumps 293.3%

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 3,858 shares, a growth of 293.3% from the August 31st total of 981 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 25,078 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Bitwise 10 Crypto Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sound Income Strategies LLC raised its holdings in shares of Bitwise 10 Crypto Index ETF by 155.1% in the first quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock worth $27,000 after acquiring an additional 363 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of Bitwise 10 Crypto Index ETF during the first quarter valued at $32,000. PNC Financial Services Group Inc. increased its position in Bitwise 10 Crypto Index ETF by 23.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock worth $116,000 after purchasing an additional 491 shares in the last quarter. PFG Investments LLC raised its stake in Bitwise 10 Crypto Index ETF by 5.6% in the 1st quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock valued at $246,000 after purchasing an additional 295 shares during the last quarter. Finally, Rose Capital Advisors LLC acquired a new position in Bitwise 10 Crypto Index ETF in the 2nd quarter valued at about $219,000.

Bitwise 10 Crypto Index ETF Price Performance

NYSEARCA BITW traded down $0.11 during mid-day trading on Friday, hitting $55.50. The stock had a trading volume of 17,120 shares, compared to its average volume of 78,885. The stock has a 50 day moving average price of $47.14. Bitwise 10 Crypto Index ETF has a 52-week low of $37.20 and a 52-week high of $86.70.

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) is an exchange-traded fund that provides investors with diversified exposure to major digital assets through a single, U.S.-listed security. The fund is managed by Bitwise Asset Management, a firm that specializes in cryptocurrency index products and investment solutions. BITW is designed to reflect the performance of a rules-based index composed of leading cryptocurrencies, offering a convenient way for investors to gain broad crypto market exposure without directly holding private keys or managing multiple wallets.

The fund’s underlying index targets the largest, investable cryptocurrencies and applies an objective methodology to select and weight constituents, with periodic rebalancing to reflect changes in the market.