Bitwise Bitcoin ETF (NYSEARCA:BITB) Short Interest Update

by · The Markets Daily

Bitwise Bitcoin ETF (NYSEARCA:BITB – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 405,477 shares, a drop of 41.8% from the August 31st total of 696,257 shares. Based on an average daily volume of 1,078,272 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.6% of the company’s stock are sold short.

Bitwise Bitcoin ETF Price Performance

BITB stock traded up $0.56 during trading on Thursday, hitting $45.92. 770,626 shares of the company’s stock were exchanged, compared to its average volume of 2,214,589. The business has a 50-day moving average price of $39.94 and a two-hundred day moving average price of $38.63. Bitwise Bitcoin ETF has a 52-week low of $31.49 and a 52-week high of $68.74.

Institutional Trading of Bitwise Bitcoin ETF

Institutional investors have recently modified their holdings of the stock. Savant Capital LLC grew its position in shares of Bitwise Bitcoin ETF by 535.9% during the fourth quarter. Savant Capital LLC now owns 30,053 shares of the company’s stock worth $1,429,000 after acquiring an additional 25,327 shares during the last quarter. Beaird Harris Wealth Management LLC raised its position in Bitwise Bitcoin ETF by 18.9% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 768,789 shares of the company’s stock valued at $36,564,000 after purchasing an additional 122,276 shares during the last quarter. Bank of America Corp DE boosted its stake in Bitwise Bitcoin ETF by 134.2% during the 1st quarter. Bank of America Corp DE now owns 216,907 shares of the company’s stock worth $7,984,000 after purchasing an additional 124,299 shares during the period. Arax Advisory Partners boosted its stake in Bitwise Bitcoin ETF by 143.7% during the 4th quarter. Arax Advisory Partners now owns 29,205 shares of the company’s stock worth $1,389,000 after purchasing an additional 17,223 shares during the period. Finally, RFG Advisory LLC grew its position in Bitwise Bitcoin ETF by 34.9% during the 2nd quarter. RFG Advisory LLC now owns 114,140 shares of the company’s stock worth $3,636,000 after purchasing an additional 29,558 shares during the last quarter.

About Bitwise Bitcoin ETF

(Get Free Report)

The Bitwise Bitcoin ETF Trust (BITB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.

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