Bitwise Web3 ETF (NYSEARCA:BWEB) Sees Significant Growth in Short Interest

Bitwise Web3 ETF (NYSEARCA:BWEB) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 55 shares, a growth of 150.0% from the March 31st total of 22 shares. Based on an average daily volume of 142 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Bitwise Web3 ETF

A number of institutional investors have recently bought and sold shares of BWEB. Jane Street Group LLC boosted its stake in Bitwise Web3 ETF by 25.7% during the fourth quarter. Jane Street Group LLC now owns 5,692 shares of the company’s stock worth $403,000 after buying an additional 1,163 shares during the period. Ankerstar Wealth LLC purchased a new stake in shares of Bitwise Web3 ETF in the fourth quarter valued at $76,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Bitwise Web3 ETF in the fourth quarter valued at $788,000.

Bitwise Web3 ETF Stock Down 0.4%

BWEB stock opened at $73.50 on Tuesday. Bitwise Web3 ETF has a 52 week low of $51.00 and a 52 week high of $88.75. The company has a fifty day simple moving average of $67.47 and a two-hundred day simple moving average of $72.24. The firm has a market capitalization of $5.88 million, a P/E ratio of 31.67 and a beta of 2.26.

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.