Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 300 shares, a drop of 96.4% from the October 15th total of 8,434 shares. Based on an average daily volume of 3,243 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Trading Up 0.1%
Shares of BITC stock traded up $0.03 during trading on Tuesday, reaching $37.67. The company’s stock had a trading volume of 822 shares, compared to its average volume of 4,434. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 1-year low of $35.09 and a 1-year high of $42.28. The stock’s 50-day moving average price is $38.64 and its 200 day moving average price is $37.86.
About Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF
The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of bitcoin futures contracts that exhibit the highest implied roll yield, collateralized by short-term debt securities. The fund seeks to provide capital appreciation with low correlation to traditional asset classes. BITC was launched on Mar 20, 2023 and is managed by Bitwise.
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