Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Stock Price Down 3.7% – Time to Sell?

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) shares traded down 3.7% during mid-day trading on Thursday . The company traded as low as $17.74 and last traded at $17.77. 4,050 shares were traded during trading, a decline of 71% from the average session volume of 13,876 shares. The stock had previously closed at $18.46.

Bitwise Bitcoin Standard Corporations ETF Price Performance

The firm has a market capitalization of $18.66 million, a price-to-earnings ratio of 20.01 and a beta of 2.94. The business’s 50-day moving average price is $21.15 and its 200 day moving average price is $20.74.

Institutional Investors Weigh In On Bitwise Bitcoin Standard Corporations ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OWNB. Orion Porfolio Solutions LLC purchased a new position in Bitwise Bitcoin Standard Corporations ETF in the 2nd quarter valued at about $1,794,000. Citadel Advisors LLC acquired a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the third quarter valued at about $1,245,000. Jane Street Group LLC purchased a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the second quarter worth about $1,085,000. Envestnet Asset Management Inc. purchased a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the third quarter worth about $934,000. Finally, Brookwood Investment Group LLC lifted its stake in shares of Bitwise Bitcoin Standard Corporations ETF by 35.7% in the fourth quarter. Brookwood Investment Group LLC now owns 9,468 shares of the company’s stock worth $203,000 after acquiring an additional 2,491 shares in the last quarter.

Bitwise Bitcoin Standard Corporations ETF Company Profile

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