Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Sees Significant Growth in Short Interest

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 516 shares, an increase of 143.4% from the May 31st total of 212 shares. Based on an average trading volume of 142,623 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Bitwise 10 Crypto Index ETF Price Performance

Shares of BITW stock traded up $0.50 during trading hours on Monday, hitting $38.64. The company’s stock had a trading volume of 34,950 shares, compared to its average volume of 102,237. The stock has a fifty day moving average of $46.29. Bitwise 10 Crypto Index ETF has a twelve month low of $37.20 and a twelve month high of $86.70.

Hedge Funds Weigh In On Bitwise 10 Crypto Index ETF

A number of large investors have recently modified their holdings of the company. Basecamp Wealth Advisors LLC purchased a new position in shares of Bitwise 10 Crypto Index ETF in the 1st quarter valued at $531,000. Western Wealth Management LLC raised its position in shares of Bitwise 10 Crypto Index ETF by 16.3% in the 1st quarter. Western Wealth Management LLC now owns 66,716 shares of the ETF’s stock valued at $2,976,000 after purchasing an additional 9,326 shares in the last quarter. Modern Wealth Management LLC raised its holdings in Bitwise 10 Crypto Index ETF by 29.1% in the first quarter. Modern Wealth Management LLC now owns 7,455 shares of the ETF’s stock valued at $335,000 after acquiring an additional 1,679 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Bitwise 10 Crypto Index ETF by 3.8% during the 1st quarter. Cetera Investment Advisers now owns 123,936 shares of the ETF’s stock worth $5,528,000 after buying an additional 4,515 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Bitwise 10 Crypto Index ETF by 23.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock valued at $116,000 after purchasing an additional 491 shares during the last quarter.

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.