Bitwise 10 Crypto Index ETF (NYSEARCA:BITW – Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 981 shares, a decline of 91.6% from the August 15th total of 11,707 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 35,319 shares, the days-to-cover ratio is presently 0.0 days.
Bitwise 10 Crypto Index ETF Stock Down 1.5%
Shares of BITW traded down $0.76 during midday trading on Thursday, hitting $50.40. 16,044 shares of the stock were exchanged, compared to its average volume of 81,749. Bitwise 10 Crypto Index ETF has a 52-week low of $37.20 and a 52-week high of $86.70. The stock’s fifty day moving average is $44.42.
Institutional Trading of Bitwise 10 Crypto Index ETF
A number of institutional investors and hedge funds have recently bought and sold shares of BITW. Sound Income Strategies LLC raised its stake in shares of Bitwise 10 Crypto Index ETF by 155.1% in the first quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock valued at $27,000 after acquiring an additional 363 shares in the last quarter. Ascentis Independent Advisors purchased a new position in Bitwise 10 Crypto Index ETF during the 1st quarter worth $32,000. PNC Financial Services Group Inc. raised its position in Bitwise 10 Crypto Index ETF by 23.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock worth $116,000 after acquiring an additional 491 shares in the last quarter. Rose Capital Advisors LLC purchased a new stake in Bitwise 10 Crypto Index ETF during the second quarter worth about $219,000. Finally, PFG Investments LLC boosted its stake in shares of Bitwise 10 Crypto Index ETF by 5.6% during the 1st quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock worth $246,000 after acquiring an additional 295 shares in the last quarter.
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.
Featured Stories
- Five stocks we like better than Bitwise 10 Crypto Index ETF
- AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
- Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
- 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
- Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle
Receive News & Ratings for Bitwise 10 Crypto Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitwise 10 Crypto Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
