Short Interest in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) Rises By 73.8%

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 18,377 shares, an increase of 73.8% from the December 15th total of 10,576 shares. Currently, 10.8% of the company’s shares are sold short. Based on an average daily volume of 18,951 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 18,951 shares, the days-to-cover ratio is presently 1.0 days. Currently, 10.8% of the company’s shares are sold short.

Hedge Funds Weigh In On Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF

A hedge fund recently bought a new stake in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC purchased a new position in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,293 shares of the company’s stock, valued at approximately $754,000. Jane Street Group LLC owned about 23.43% of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF at the end of the most recent quarter.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Trading Up 0.0%

NYSEARCA:BTOP traded up $0.01 during midday trading on Friday, hitting $30.36. 1,831 shares of the company traded hands, compared to its average volume of 2,976. The firm has a market capitalization of $5.16 million, a P/E ratio of -607.20 and a beta of 2.73. The firm’s fifty day moving average is $30.54 and its 200-day moving average is $34.13. Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF has a 12-month low of $23.40 and a 12-month high of $41.41.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 26th were paid a $0.6862 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a dividend yield of 238.0%. Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF’s dividend payout ratio is currently -41,620.00%.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Company Profile

The Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. BTOP was launched on Sep 29, 2023 and is issued by Bitwise.