Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Short Interest Up 143.4% in June

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 516 shares, an increase of 143.4% from the May 31st total of 212 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 142,623 shares, the short-interest ratio is currently 0.0 days.

Bitwise 10 Crypto Index ETF Trading Up 2.0%

BITW traded up $0.76 on Wednesday, hitting $38.34. 40,458 shares of the company were exchanged, compared to its average volume of 101,297. Bitwise 10 Crypto Index ETF has a fifty-two week low of $37.20 and a fifty-two week high of $86.70. The business has a fifty day moving average price of $45.80.

Hedge Funds Weigh In On Bitwise 10 Crypto Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BITW. Sound Income Strategies LLC grew its holdings in 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 purchasing an additional 363 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Bitwise 10 Crypto Index ETF in the 1st quarter worth about $32,000. PNC Financial Services Group Inc. boosted its position in shares of Bitwise 10 Crypto Index ETF by 23.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock worth $116,000 after buying an additional 491 shares in the last quarter. PFG Investments LLC grew its stake in Bitwise 10 Crypto Index ETF by 5.6% in the 1st quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock valued at $246,000 after acquiring an additional 295 shares during the last quarter. Finally, Modern Wealth Management LLC grew its stake in Bitwise 10 Crypto Index ETF by 29.1% in the 1st quarter. Modern Wealth Management LLC now owns 7,455 shares of the ETF’s stock valued at $335,000 after acquiring an additional 1,679 shares during 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.