Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Sees Significant Decline in Short Interest

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 235 shares, a drop of 93.9% from the September 15th total of 3,858 shares. Based on an average trading volume of 37,119 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Bitwise 10 Crypto Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Bitwise 10 Crypto Index ETF by 107.9% during the third quarter. Farther Finance Advisors LLC now owns 6,852 shares of the ETF’s stock valued at $376,000 after acquiring an additional 3,556 shares during the last quarter. Crumly & Associates Inc. boosted its position in Bitwise 10 Crypto Index ETF by 10.5% in the third quarter. Crumly & Associates Inc. now owns 6,869 shares of the ETF’s stock worth $377,000 after purchasing an additional 655 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Bitwise 10 Crypto Index ETF by 31.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,926 shares of the ETF’s stock valued at $711,000 after purchasing an additional 4,492 shares during the period. Waverly Advisors LLC grew its stake in Bitwise 10 Crypto Index ETF by 10.5% in the 2nd quarter. Waverly Advisors LLC now owns 7,371 shares of the ETF’s stock valued at $277,000 after purchasing an additional 699 shares during the period. Finally, Rose Capital Advisors LLC purchased a new stake in shares of Bitwise 10 Crypto Index ETF during the 2nd quarter valued at $219,000.

Bitwise 10 Crypto Index ETF Stock Performance

Shares of NYSEARCA BITW traded up $0.34 during trading on Friday, hitting $53.24. The stock had a trading volume of 17,987 shares, compared to its average volume of 76,426. The firm has a fifty day moving average of $49.78 and a two-hundred day moving average of $46.50. Bitwise 10 Crypto Index ETF has a 12 month low of $37.20 and a 12 month high of $83.89.

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.