Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 948 shares, an increase of 432.6% from the June 15th total of 178 shares. Based on an average daily volume of 1,827 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Trading Up 1.1%
BITC traded up $0.39 on Friday, hitting $36.43. 852 shares of the company’s stock were exchanged, compared to its average volume of 4,591. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a fifty-two week low of $35.09 and a fifty-two week high of $51.40. The firm has a 50-day moving average price of $38.61 and a 200-day moving average price of $37.65.
Hedge Funds Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF
An institutional investor recently raised its stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Mariner LLC boosted its stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC – Free Report) by 21.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,711 shares of the company’s stock after purchasing an additional 1,013 shares during the period. Mariner LLC owned about 1.43% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $208,000 at the end of the most recent quarter.
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile
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.
See Also
- Five stocks we like better than Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Receive News & Ratings for Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
-limited-logo-1200x675.png){kind=logo}
