WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Trading Down 0.4% – Here’s What Happened

WisdomTree Bitcoin Fund (NYSEARCA:BTCW)’s stock price fell 0.4% during trading on Wednesday . The stock traded as low as $91.73 and last traded at $92.37. 27,175 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 98,530 shares. The stock had previously closed at $92.74.

WisdomTree Bitcoin Fund Trading Down 0.4%

The company has a 50-day moving average of $102.47 and a two-hundred day moving average of $114.07.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Frazier Financial Advisors LLC raised its stake in WisdomTree Bitcoin Fund by 31.0% during the 2nd quarter. Frazier Financial Advisors LLC now owns 968 shares of the company’s stock worth $111,000 after acquiring an additional 229 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of WisdomTree Bitcoin Fund by 545.6% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,330 shares of the company’s stock worth $161,000 after purchasing an additional 1,124 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of WisdomTree Bitcoin Fund in the second quarter worth $223,000. Nautilus Advisors LLC bought a new stake in shares of WisdomTree Bitcoin Fund during the 3rd quarter valued at $226,000. Finally, Private Advisor Group LLC lifted its stake in shares of WisdomTree Bitcoin Fund by 16.6% during the 3rd quarter. Private Advisor Group LLC now owns 9,397 shares of the company’s stock valued at $1,140,000 after buying an additional 1,335 shares in the last quarter.

About WisdomTree Bitcoin Fund

The WisdomTree Bitcoin Fund (BTCW) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund passively mirrors the performance of Bitcoin, leveraging a Benchmark Rate for valuation. The fund does not engage in direct investment or management of the digital currency BTCW was launched on Jan 11, 2024 and is issued by WisdomTree.