Bitwise 10 Crypto Index ETF (NYSEARCA:BITW – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 235 shares, a drop of 93.9% from the September 15th total of 3,858 shares. Based on an average daily trading volume, of 37,119 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Institutional Investors Weigh In On Bitwise 10 Crypto Index ETF
A number of hedge funds have recently modified their holdings of BITW. Sound Income Strategies LLC grew its holdings in Bitwise 10 Crypto Index ETF by 155.1% during the first quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock valued at $27,000 after purchasing an additional 363 shares during the period. Ascentis Independent Advisors bought a new stake in shares of Bitwise 10 Crypto Index ETF in the first quarter valued at $32,000. PNC Financial Services Group Inc. lifted its position in shares of Bitwise 10 Crypto Index ETF by 23.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock valued at $116,000 after buying an additional 491 shares during the last quarter. Rose Capital Advisors LLC bought a new position in shares of Bitwise 10 Crypto Index ETF during the 2nd quarter worth $219,000. Finally, PFG Investments LLC grew 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 during the period.
Bitwise 10 Crypto Index ETF Stock Performance
BITW stock traded up $0.34 during mid-day trading on Friday, hitting $53.24. The company had a trading volume of 17,987 shares, compared to its average volume of 76,426. Bitwise 10 Crypto Index ETF has a 12 month low of $37.20 and a 12 month high of $83.89. The stock’s fifty day moving average price is $49.78 and its two-hundred day moving average price is $46.50.
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.
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