Bitwise Web3 ETF (NYSEARCA:BWEB) Short Interest Update
by Renee Jackson · The Cerbat GemBitwise Web3 ETF (NYSEARCA:BWEB – Get Free Report) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 158 shares, a decrease of 49.7% from the December 15th total of 314 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 396 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 396 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.
Bitwise Web3 ETF Stock Up 2.3%
BWEB traded up $1.74 on Friday, hitting $76.98. The company had a trading volume of 313 shares, compared to its average volume of 453. The business’s fifty day simple moving average is $73.45 and its 200 day simple moving average is $75.46. Bitwise Web3 ETF has a 12-month low of $41.19 and a 12-month high of $88.75. The company has a market cap of $6.16 million, a PE ratio of 31.67 and a beta of 2.30.
Institutional Trading of Bitwise Web3 ETF
An institutional investor recently raised its position in Bitwise Web3 ETF stock. Jane Street Group LLC increased its stake in Bitwise Web3 ETF (NYSEARCA:BWEB – Free Report) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,604 shares of the company’s stock after buying an additional 745 shares during the quarter. Jane Street Group LLC owned about 18.13% of Bitwise Web3 ETF worth $560,000 as of its most recent SEC filing.
Bitwise Web3 ETF Company Profile
The Bitwise Web3 ETF (BWEB) is an exchange-traded fund that is based on the Bitwise Web3 Equities index. The fund tracks a tier-weighted index of companies connected to the global Web 3.0 industry. The selection process is overseen by a committee. BWEB was launched on Oct 4, 2022 and is managed by Bitwise.