Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Short Interest Update

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 728 shares, a decline of 48.4% from the July 15th total of 1,411 shares. Based on an average daily volume of 33,049 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Bitwise 10 Crypto Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC increased its stake in Bitwise 10 Crypto Index ETF by 155.1% in the 1st quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock worth $27,000 after acquiring an additional 363 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Bitwise 10 Crypto Index ETF during the first quarter worth about $32,000. PNC Financial Services Group Inc. boosted its holdings in Bitwise 10 Crypto Index ETF by 23.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,593 shares of the ETF’s stock valued at $116,000 after acquiring an additional 491 shares in the last quarter. PFG Investments LLC boosted its position in 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 valued at $246,000 after acquiring an additional 295 shares in the last quarter. Finally, Modern Wealth Management LLC boosted its holdings in shares of Bitwise 10 Crypto Index ETF by 29.1% during the 1st quarter. Modern Wealth Management LLC now owns 7,455 shares of the ETF’s stock valued at $335,000 after buying an additional 1,679 shares in the last quarter.

Bitwise 10 Crypto Index ETF Stock Performance

NYSEARCA BITW traded down $0.35 during trading hours on Friday, reaching $40.46. 15,643 shares of the company were exchanged, compared to its average volume of 87,604. The firm has a 50 day simple moving average of $40.65. Bitwise 10 Crypto Index ETF has a 1 year low of $37.20 and a 1 year high of $86.70.

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.