Short Interest in Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Expands By 220.3%

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 28,839 shares, an increase of 220.3% from the April 30th total of 9,003 shares. Based on an average daily volume of 34,769 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in Bitwise 10 Crypto Index ETF by 3.8% during the 1st quarter. Cetera Investment Advisers now owns 123,936 shares of the ETF’s stock worth $5,528,000 after acquiring an additional 4,515 shares during the last quarter. Brandywine Oak Private Wealth LLC lifted its position in Bitwise 10 Crypto Index ETF by 14.4% during the 1st quarter. Brandywine Oak Private Wealth LLC now owns 101,772 shares of the ETF’s stock worth $4,540,000 after acquiring an additional 12,841 shares during the last quarter. Western Wealth Management LLC lifted its position in Bitwise 10 Crypto Index ETF by 16.3% during the 1st quarter. Western Wealth Management LLC now owns 66,716 shares of the ETF’s stock worth $2,976,000 after acquiring an additional 9,326 shares during the last quarter. Independent Financial Group LLC acquired a new position in Bitwise 10 Crypto Index ETF during the 1st quarter worth $1,568,000. Finally, Private Advisor Group LLC lifted its position in Bitwise 10 Crypto Index ETF by 35.1% during the 1st quarter. Private Advisor Group LLC now owns 21,247 shares of the ETF’s stock worth $948,000 after acquiring an additional 5,519 shares during the last quarter.

Bitwise 10 Crypto Index ETF Trading Down 0.2%

Shares of BITW stock traded down $0.08 on Friday, hitting $46.93. The company’s stock had a trading volume of 162,132 shares, compared to its average volume of 102,030. Bitwise 10 Crypto Index ETF has a fifty-two week low of $40.66 and a fifty-two week high of $86.70. The firm’s fifty day moving average price is $48.46.

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.