WisdomTree Bitcoin Fund (NYSEARCA:BTCW – Get Free Report) shares dropped 2.6% during trading on Friday . The stock traded as low as $68.94 and last traded at $69.47. Approximately 25,152 shares changed hands during trading, a decline of 57% from the average daily volume of 58,658 shares. The stock had previously closed at $71.33.
WisdomTree Bitcoin Fund Stock Down 2.6%
The company has a 50 day moving average of $86.17 and a 200 day moving average of $103.30.
Hedge Funds Weigh In On WisdomTree Bitcoin Fund
Several hedge funds and other institutional investors have recently modified their holdings of the business. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in WisdomTree Bitcoin Fund during the fourth quarter worth about $99,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in WisdomTree Bitcoin Fund by 545.6% in the 3rd 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 in the last quarter. NewEdge Advisors LLC acquired a new position in shares of WisdomTree Bitcoin Fund during the 2nd quarter worth approximately $223,000. Nautilus Advisors LLC purchased a new stake in shares of WisdomTree Bitcoin Fund in the third quarter valued at approximately $226,000. Finally, Great Valley Advisor Group Inc. increased its holdings in shares of WisdomTree Bitcoin Fund by 4.8% in the fourth quarter. Great Valley Advisor Group Inc. now owns 4,960 shares of the company’s stock valued at $460,000 after purchasing an additional 225 shares during 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.
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