Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Trading Down 2.1% – Here’s Why

Shares of Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNBGet Free Report) fell 2.1% during mid-day trading on Friday . The company traded as low as $16.86 and last traded at $16.87. Approximately 1,329 shares were traded during trading, a decline of 90% from the average daily volume of 12,678 shares. The stock had previously closed at $17.24.

Bitwise Bitcoin Standard Corporations ETF Trading Down 2.1%

The stock has a market capitalization of $14.00 million, a P/E ratio of 20.01 and a beta of 3.16. The business has a fifty day simple moving average of $20.01 and a 200 day simple moving average of $20.07.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC boosted its holdings in Bitwise Bitcoin Standard Corporations ETF by 17.6% during the fourth quarter. Orion Porfolio Solutions LLC now owns 109,271 shares of the company’s stock worth $2,346,000 after purchasing an additional 16,376 shares during the last quarter. Ankerstar Wealth LLC purchased a new position in Bitwise Bitcoin Standard Corporations ETF in the fourth quarter worth $40,000. Brookwood Investment Group LLC boosted its position in Bitwise Bitcoin Standard Corporations ETF by 35.7% in the fourth quarter. Brookwood Investment Group LLC now owns 9,468 shares of the company’s stock worth $203,000 after purchasing an additional 2,491 shares during the last quarter. Citadel Advisors LLC bought a new position in Bitwise Bitcoin Standard Corporations ETF in the 3rd quarter valued at $1,245,000. Finally, Jane Street Group LLC purchased a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the 2nd quarter valued at $1,085,000.

Bitwise Bitcoin Standard Corporations ETF Company Profile

(Get Free Report)

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

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