Bitwise 10 Crypto Index ETF (NYSEARCA:BITW – Get Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 728 shares, a decline of 48.4% from the July 15th total of 1,411 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 33,049 shares, the short-interest ratio is presently 0.0 days.
Hedge Funds Weigh In On Bitwise 10 Crypto Index ETF
A number of institutional investors and hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC grew its stake in shares of Bitwise 10 Crypto Index ETF by 155.1% during the 1st quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock valued at $27,000 after purchasing an additional 363 shares during the period. Ascentis Independent Advisors purchased a new stake in Bitwise 10 Crypto Index ETF in the 1st quarter worth $32,000. PNC Financial Services Group Inc. lifted its holdings 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 in the last quarter. PFG Investments LLC lifted its holdings 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 worth $246,000 after buying an additional 295 shares in the last quarter. Finally, Modern Wealth Management LLC lifted its stake in Bitwise 10 Crypto Index ETF by 29.1% in the 1st quarter. Modern Wealth Management LLC now owns 7,455 shares of the ETF’s stock worth $335,000 after purchasing an additional 1,679 shares in the last quarter.
Bitwise 10 Crypto Index ETF Stock Down 0.9%
Shares of BITW traded down $0.35 on Friday, hitting $40.46. 15,643 shares of the stock traded hands, compared to its average volume of 87,604. The firm has a 50 day simple moving average of $40.65. Bitwise 10 Crypto Index ETF has a one year low of $37.20 and a one year high of $86.70.
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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