Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) Stock Price Down 0% – Should You Sell?

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (NYSEARCA:BITC) shares were down 0% during trading on Monday . The stock traded as low as $40.71 and last traded at $40.79. Approximately 7,996 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 8,834 shares. The stock had previously closed at $40.80.

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF Trading Down 0.0%

The stock’s 50 day moving average price is $42.43 and its 200 day moving average price is $45.93.

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

A number of large investors have recently bought and sold shares of the stock. Dagco Inc. purchased a new stake in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the 3rd quarter valued at $76,000. Brookwood Investment Group LLC purchased a new position in shares of Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF in the 2nd quarter worth $201,000. Jane Street Group LLC boosted its holdings 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 valued at $422,000 after acquiring an additional 4,450 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF during the first quarter valued at about $524,000. Finally, Atria Investments Inc increased 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 acquiring an additional 2,169 shares during the last quarter.

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.