Bitwise Bitcoin Strategy Optimum Roll ETF (NYSEARCA:BITC – Get Free Report) traded down 0.1% during trading on Tuesday . The company traded as low as $47.40 and last traded at $47.47. 13,880 shares changed hands during mid-day trading, an increase of 53% from the average session volume of 9,079 shares. The stock had previously closed at $47.51.
Bitwise Bitcoin Strategy Optimum Roll ETF Trading Down 0.1%
The firm has a 50-day simple moving average of $43.75 and a two-hundred day simple moving average of $49.62.
Institutional Trading of Bitwise Bitcoin Strategy Optimum Roll ETF
A number of institutional investors have recently bought and sold shares of BITC. Kestra Advisory Services LLC bought a new stake in shares of Bitwise Bitcoin Strategy Optimum Roll ETF during the 1st quarter worth approximately $1,461,000. Flow Traders U.S. LLC bought a new position in Bitwise Bitcoin Strategy Optimum Roll ETF in the first quarter valued at approximately $524,000. KG&L Capital Management LLC acquired a new position in Bitwise Bitcoin Strategy Optimum Roll ETF during the first quarter valued at approximately $437,000. Finally, Jane Street Group LLC lifted its stake in Bitwise Bitcoin Strategy Optimum Roll ETF by 78.0% during 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 during the last quarter.
About Bitwise Bitcoin Strategy Optimum Roll 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.
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