Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Sees Large Increase in Short Interest

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 1,886 shares, an increase of 261.3% from the September 15th total of 522 shares. Based on an average daily trading volume, of 3,345 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of Bitwise Bitcoin Standard Corporations ETF

An institutional investor recently raised its stake in Bitwise Bitcoin Standard Corporations ETF stock. Citadel Advisors LLC raised its position in Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) by 94.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,854 shares of the company’s stock after acquiring an additional 17,868 shares during the quarter. Citadel Advisors LLC owned 4.44% of Bitwise Bitcoin Standard Corporations ETF worth $648,000 at the end of the most recent quarter.

Bitwise Bitcoin Standard Corporations ETF Stock Performance

Shares of NYSEARCA:OWNB traded down $0.28 during mid-day trading on Monday, hitting $21.05. 2,946 shares of the company traded hands, compared to its average volume of 9,610. The firm’s 50 day simple moving average is $20.42 and its 200 day simple moving average is $19.78. The firm has a market cap of $17.47 million, a P/E ratio of 20.01 and a beta of 3.05. Bitwise Bitcoin Standard Corporations ETF has a 52-week low of $15.07 and a 52-week high of $39.00.

Bitwise Bitcoin Standard Corporations ETF Company Profile

The Bitwise Bitcoin Standard Corporations ETF (OWNB) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.