Bitwise Bitcoin ETF (NYSEARCA:BITB – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 44,237 shares, a drop of 61.0% from the July 30th total of 113,531 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 871,251 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of Bitwise Bitcoin ETF
Institutional investors have recently modified their holdings of the company. Beaird Harris Wealth Management LLC lifted its stake in Bitwise Bitcoin ETF by 18.9% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 768,789 shares of the company’s stock valued at $36,564,000 after acquiring an additional 122,276 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Bitwise Bitcoin ETF by 134.2% during the 1st quarter. Bank of America Corp DE now owns 216,907 shares of the company’s stock worth $7,984,000 after purchasing an additional 124,299 shares during the last quarter. Evoke Wealth LLC bought a new stake in Bitwise Bitcoin ETF in the fourth quarter valued at approximately $1,074,000. Savant Capital LLC lifted its holdings in Bitwise Bitcoin ETF by 535.9% during the 4th quarter. Savant Capital LLC now owns 30,053 shares of the company’s stock valued at $1,429,000 after purchasing an additional 25,327 shares during the last quarter. Finally, Arax Advisory Partners lifted its stake in shares of Bitwise Bitcoin ETF by 143.7% during the 4th quarter. Arax Advisory Partners now owns 29,205 shares of the company’s stock worth $1,389,000 after buying an additional 17,223 shares during the last quarter.
Bitwise Bitcoin ETF Stock Performance
Shares of Bitwise Bitcoin ETF stock traded down $1.30 on Friday, hitting $42.09. 2,333,260 shares of the company’s stock traded hands, compared to its average volume of 2,385,439. The firm’s 50-day moving average price is $35.50 and its two-hundred day moving average price is $37.57. Bitwise Bitcoin ETF has a one year low of $31.49 and a one year high of $68.74.
Bitwise Bitcoin ETF Company Profile
The Bitwise Bitcoin ETF Trust (BITB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a multi-layer cold storage wallet. BITB was launched on Jan 10, 2024 and is issued by Bitwise.
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