Short Interest in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOP) Rises By 127.7%

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOPGet Free Report) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 10,576 shares, an increase of 127.7% from the November 30th total of 4,645 shares. Based on an average daily volume of 13,451 shares, the days-to-cover ratio is presently 0.8 days. Approximately 4.2% of the company’s stock are sold short. Approximately 4.2% of the company’s stock are sold short. Based on an average daily volume of 13,451 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF stock. Jane Street Group LLC acquired a new stake in shares of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (NYSEARCA:BTOPFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,293 shares of the company’s stock, valued at approximately $754,000. Jane Street Group LLC owned approximately 23.43% of Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF as of its most recent SEC filing.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Stock Performance

NYSEARCA BTOP opened at $28.78 on Friday. The firm’s 50 day moving average price is $31.37 and its 200-day moving average price is $34.29. Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF has a 52-week low of $23.40 and a 52-week high of $41.41. The company has a market cap of $7.20 million, a PE ratio of -575.60 and a beta of 2.73.

Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF Announces Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 26th will be given a dividend of $0.6862 per share. This represents a yield of 238.0%. The ex-dividend date of this dividend is Friday, December 26th. Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF’s dividend payout ratio (DPR) is -41,620.00%.

About Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF

(Get Free Report)

The Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) is an exchange-traded fund that mostly invests in long cryptocurrency basket, short usd currency. The fund actively manages an equally weighted portfolio of front-month CME Bitcoin and Ether futures contracts. BTOP was launched on Sep 29, 2023 and is issued by Bitwise.

Further Reading

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