Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Short Interest Update

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,419 shares, an increase of 387.7% from the August 15th total of 496 shares. Based on an average daily volume of 3,803 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in Bitwise Bitcoin Standard Corporations ETF in the second quarter valued at approximately $1,085,000. Orion Porfolio Solutions LLC purchased a new position in shares of Bitwise Bitcoin Standard Corporations ETF in the 2nd quarter worth about $1,794,000. Citadel Advisors LLC bought a new stake in shares of Bitwise Bitcoin Standard Corporations ETF in the 3rd quarter worth approximately $1,245,000. Finally, Ankerstar Wealth LLC purchased a new position in shares of Bitwise Bitcoin Standard Corporations ETF during the 4th quarter valued at $40,000.

Bitwise Bitcoin Standard Corporations ETF Stock Up 3.3%

OWNB traded up $0.68 during midday trading on Friday, hitting $21.21. 1,948 shares of the company were exchanged, compared to its average volume of 10,518. The firm’s 50 day moving average price is $18.44 and its 200-day moving average price is $19.18. Bitwise Bitcoin Standard Corporations ETF has a 1-year low of $15.07 and a 1-year high of $39.00. The firm has a market capitalization of $17.60 million, a P/E ratio of 20.01 and a beta of 3.21.

About Bitwise Bitcoin Standard Corporations ETF

The Bitwise Bitcoin Standard Corporations ETF (OWNB) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.