Bitwise Web3 ETF (NYSEARCA:BWEB) Short Interest Up 23.1% in December

Bitwise Web3 ETF (NYSEARCA:BWEB) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 314 shares, an increase of 23.1% from the November 30th total of 255 shares. Based on an average daily volume of 275 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.4% of the company’s shares are short sold. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 275 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bitwise Web3 ETF stock. Jane Street Group LLC lifted its holdings in shares of Bitwise Web3 ETF (NYSEARCA:BWEB) by 6.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,604 shares of the company’s stock after purchasing an additional 745 shares during the period. Jane Street Group LLC owned 18.13% of Bitwise Web3 ETF worth $560,000 at the end of the most recent reporting period.

Bitwise Web3 ETF Stock Down 1.0%

Shares of NYSEARCA BWEB opened at $70.75 on Friday. The company has a market capitalization of $5.66 million, a PE ratio of 31.67 and a beta of 2.30. Bitwise Web3 ETF has a twelve month low of $41.19 and a twelve month high of $88.75. The firm has a fifty day simple moving average of $75.32 and a 200 day simple moving average of $74.73.

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.