Short Interest in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Decreases By 69.8%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,180 shares, a drop of 69.8% from the July 15th total of 10,528 shares. Based on an average daily volume of 1,230 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock. Mariner LLC grew its holdings in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) by 21.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,711 shares of the company’s stock after acquiring an additional 1,013 shares during the period. Mariner LLC owned about 1.43% of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Performance

NYSEARCA:BITC traded up $0.02 during mid-day trading on Friday, hitting $35.49. 480 shares of the company traded hands, compared to its average volume of 4,164. The stock’s fifty day moving average price is $36.99 and its 200-day moving average price is $37.50. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a one year low of $35.09 and a one year high of $48.99.

About Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of bitcoin futures contracts that exhibit the highest implied roll yield, collateralized by short-term debt securities. The fund seeks to provide capital appreciation with low correlation to traditional asset classes. BITC was launched on Mar 20, 2023 and is managed by Bitwise.