Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Stock Short Interest Declines 66.3%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 195 shares, a decline of 66.3% from the September 15th total of 578 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 4,355 shares, the short-interest ratio is presently 0.0 days.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Performance

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF stock remained flat at $37.60 during midday trading on Tuesday. The company had a trading volume of 601 shares, compared to its average volume of 4,536. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 12-month low of $35.09 and a 12-month high of $42.45. The stock has a fifty day simple moving average of $38.66 and a two-hundred day simple moving average of $38.24.

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.