Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Short Interest Up 669.0% in April

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 323 shares, a growth of 669.0% from the April 15th total of 42 shares. Based on an average daily volume of 3,279 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

Several institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF in the 4th quarter worth about $660,000. Mariner LLC lifted its holdings in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 21.6% in the 4th quarter. Mariner LLC now owns 5,711 shares of the company’s stock worth $208,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Dagco Inc. bought a new stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF in the 3rd quarter worth about $76,000.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

BITC stock remained flat at $41.59 during trading on Tuesday. 6,999 shares of the company’s stock traded hands, compared to its average volume of 5,698. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a fifty-two week low of $35.47 and a fifty-two week high of $51.40. The firm has a 50 day simple moving average of $37.97 and a two-hundred day simple moving average of $38.29.

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.