Bitwise 10 Crypto Index ETF (NYSEARCA:BITW – Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 212 shares, a decrease of 99.3% from the May 14th total of 28,839 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 51,007 shares, the days-to-cover ratio is currently 0.0 days.
Hedge Funds Weigh In On Bitwise 10 Crypto Index ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC increased its holdings in shares of Bitwise 10 Crypto Index ETF by 155.1% in the 1st quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock worth $27,000 after acquiring an additional 363 shares during the period. Ascentis Independent Advisors acquired a new position in Bitwise 10 Crypto Index ETF during the 1st quarter valued at about $32,000. PNC Financial Services Group Inc. grew its position in Bitwise 10 Crypto Index ETF by 23.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock worth $116,000 after purchasing an additional 491 shares during the last quarter. PFG Investments LLC increased its stake in shares of Bitwise 10 Crypto Index ETF by 5.6% in the first quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock valued at $246,000 after purchasing an additional 295 shares during the period. Finally, Modern Wealth Management LLC increased its stake in shares of 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 purchasing an additional 1,679 shares during the period.
Bitwise 10 Crypto Index ETF Stock Performance
Shares of NYSEARCA BITW opened at $39.56 on Wednesday. Bitwise 10 Crypto Index ETF has a 12-month low of $37.56 and a 12-month high of $86.70. The business has a 50 day moving average of $47.84.
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.
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