Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Trading Down 0.1% – What’s Next?

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC)’s share price was down 0.1% during trading on Monday . The stock traded as low as $36.17 and last traded at $36.21. Approximately 13,102 shares were traded during mid-day trading, an increase of 79% from the average daily volume of 7,335 shares. The stock had previously closed at $36.24.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Stock Down 0.1%

The stock has a 50-day simple moving average of $37.60 and a 200 day simple moving average of $42.41.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 26th were given a $1.2256 dividend. This represents a yield of 337.0%. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Investors Weigh In On Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

Several institutional investors and hedge funds have recently bought and sold shares of BITC. Dagco Inc. bought a new position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the 3rd quarter worth about $76,000. Brookwood Investment Group LLC bought a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF in the second quarter valued at about $201,000. Jane Street Group LLC raised its position in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 78.0% in the first quarter. Jane Street Group LLC now owns 10,157 shares of the company’s stock worth $422,000 after purchasing an additional 4,450 shares in the last quarter. Finally, Atria Investments Inc lifted its stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF by 18.4% during the second quarter. Atria Investments Inc now owns 13,932 shares of the company’s stock worth $632,000 after purchasing an additional 2,169 shares during the period.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Company Profile

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. BITC was launched on Mar 20, 2023 and is managed by Bitwise.