Short Interest in Bitwise Web3 ETF (NYSEARCA:BWEB) Decreases By 26.9%

Bitwise Web3 ETF (NYSEARCA:BWEB) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 19 shares, a decrease of 26.9% from the February 26th total of 26 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 229 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BWEB. Jane Street Group LLC boosted its holdings in shares of Bitwise Web3 ETF by 6.9% during the 1st quarter. Jane Street Group LLC now owns 11,604 shares of the company’s stock worth $560,000 after purchasing an additional 745 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Bitwise Web3 ETF in the fourth quarter valued at approximately $788,000. Finally, Ankerstar Wealth LLC acquired a new stake in shares of Bitwise Web3 ETF in the fourth quarter valued at approximately $76,000.

Bitwise Web3 ETF Trading Down 2.2%

NYSEARCA:BWEB opened at $60.22 on Tuesday. The company has a market cap of $4.82 million, a P/E ratio of 31.67 and a beta of 2.30. Bitwise Web3 ETF has a twelve month low of $41.19 and a twelve month high of $88.75. The company’s 50-day moving average price is $67.17 and its 200-day moving average price is $73.98.

About Bitwise Web3 ETF

The Bitwise Web3 ETF (BWEB) is an exchange-traded fund that is based on the Bitwise Web3 Equities index. The fund tracks a tier-weighted index of companies connected to the global Web 3.0 industry. The selection process is overseen by a committee. BWEB was launched on Oct 4, 2022 and is managed by Bitwise.