Short Interest in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Expands By 188.9%

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 5,200 shares, a growth of 188.9% from the August 31st total of 1,800 shares. Based on an average trading volume of 7,600 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 7,600 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in BITC. Kestra Advisory Services LLC purchased a new position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF in the 1st quarter valued at about $1,461,000. Atria Investments Inc boosted its holdings in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 18.4% in the second quarter. Atria Investments Inc now owns 13,932 shares of the company’s stock valued at $632,000 after purchasing an additional 2,169 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the 1st quarter valued at approximately $524,000. KG&L Capital Management LLC acquired a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the 1st quarter valued at approximately $437,000. Finally, Jane Street Group LLC raised its position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 78.0% in the 1st quarter. Jane Street Group LLC now owns 10,157 shares of the company’s stock valued at $422,000 after purchasing an additional 4,450 shares in the last quarter.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Price Performance

NYSEARCA BITC opened at $45.97 on Friday. The company’s fifty day simple moving average is $47.66 and its 200-day simple moving average is $46.06. Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF has a 52 week low of $38.57 and a 52 week high of $79.48.

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.