Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) Short Interest Update

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 931 shares, a growth of 80.4% from the June 15th total of 516 shares. Based on an average daily volume of 54,549 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Bitwise 10 Crypto Index ETF Stock Performance

Shares of NYSEARCA:BITW opened at $41.45 on Friday. Bitwise 10 Crypto Index ETF has a 1 year low of $37.20 and a 1 year high of $86.70. The firm’s fifty day simple moving average is $43.42.

Hedge Funds Weigh In On Bitwise 10 Crypto Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brandywine Oak Private Wealth LLC boosted its holdings in shares of Bitwise 10 Crypto Index ETF by 14.4% during the 1st quarter. Brandywine Oak Private Wealth LLC now owns 101,772 shares of the ETF’s stock valued at $4,540,000 after acquiring an additional 12,841 shares during the last quarter. Pasadena Private Wealth LLC purchased a new position in shares of Bitwise 10 Crypto Index ETF during the first quarter valued at approximately $884,000. Sound Income Strategies LLC raised its holdings in shares of Bitwise 10 Crypto Index ETF by 155.1% during the first quarter. Sound Income Strategies LLC now owns 597 shares of the ETF’s stock valued at $27,000 after purchasing an additional 363 shares during the last quarter. Private Advisor Group LLC lifted its position in Bitwise 10 Crypto Index ETF by 35.1% during the first quarter. Private Advisor Group LLC now owns 21,247 shares of the ETF’s stock valued at $948,000 after purchasing an additional 5,519 shares during the period. Finally, PFG Investments LLC lifted its position in Bitwise 10 Crypto Index ETF by 5.6% during the first quarter. PFG Investments LLC now owns 5,521 shares of the ETF’s stock valued at $246,000 after purchasing an additional 295 shares during the period.

Bitwise 10 Crypto Index ETF (NYSEARCA:BITW) is an exchange-traded fund that provides investors with diversified exposure to major digital assets through a single, U.S.-listed security. The fund is managed by Bitwise Asset Management, a firm that specializes in cryptocurrency index products and investment solutions. BITW is designed to reflect the performance of a rules-based index composed of leading cryptocurrencies, offering a convenient way for investors to gain broad crypto market exposure without directly holding private keys or managing multiple wallets.

The fund’s underlying index targets the largest, investable cryptocurrencies and applies an objective methodology to select and weight constituents, with periodic rebalancing to reflect changes in the market.