Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Sees Large Growth in Short Interest

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 21,653 shares, an increase of 54.2% from the January 29th total of 14,043 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average trading volume of 18,902 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 18,902 shares, the short-interest ratio is presently 1.1 days. Approximately 1.9% of the company’s shares are sold short.

Bitwise Bitcoin Standard Corporations ETF Price Performance

Shares of NYSEARCA:OWNB opened at $18.01 on Friday. The stock’s 50-day moving average is $21.55 and its 200 day moving average is $27.31. The company has a market cap of $20.71 million, a PE ratio of 20.01 and a beta of 5.30. Bitwise Bitcoin Standard Corporations ETF has a 1 year low of $16.74 and a 1 year high of $39.00.

Institutional Trading of Bitwise Bitcoin Standard Corporations ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ankerstar Wealth LLC bought a new stake in Bitwise Bitcoin Standard Corporations ETF in the fourth quarter valued at $40,000. Brookwood Investment Group LLC raised its holdings in Bitwise Bitcoin Standard Corporations ETF by 35.7% in the 4th quarter. Brookwood Investment Group LLC now owns 9,468 shares of the company’s stock worth $203,000 after purchasing an additional 2,491 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Bitwise Bitcoin Standard Corporations ETF in the 3rd quarter worth about $934,000. Jane Street Group LLC bought a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the 2nd quarter valued at about $1,085,000. Finally, Citadel Advisors LLC bought a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the 3rd quarter valued at about $1,245,000.

About Bitwise Bitcoin Standard Corporations ETF

The Bitwise Bitcoin Standard Corporations ETF (OWNB) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.