Short Interest in Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Increases By 98.3%

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 1,304,636 shares, an increase of 98.3% from the April 30th total of 658,076 shares. Based on an average trading volume of 3,438,927 shares, the short-interest ratio is currently 0.4 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

A number of large investors have recently bought and sold shares of FBTC. Avalon Trust Co bought a new stake in Fidelity Wise Origin Bitcoin Fund in the third quarter worth $25,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Fidelity Wise Origin Bitcoin Fund in the fourth quarter worth $26,000. Anfield Capital Management LLC bought a new stake in Fidelity Wise Origin Bitcoin Fund in the third quarter worth $30,000. Turning Point Benefit Group Inc. bought a new stake in Fidelity Wise Origin Bitcoin Fund in the third quarter worth $31,000. Finally, Strategic Wealth Advisors LLC bought a new stake in Fidelity Wise Origin Bitcoin Fund in the fourth quarter worth $32,000.

Fidelity Wise Origin Bitcoin Fund Stock Performance

Fidelity Wise Origin Bitcoin Fund stock opened at $62.20 on Tuesday. The company’s fifty day simple moving average is $64.95 and its 200-day simple moving average is $69.63. Fidelity Wise Origin Bitcoin Fund has a 12 month low of $54.21 and a 12 month high of $110.25.

Fidelity Wise Origin Bitcoin Fund Company Profile

The Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC) using a Bitcoin price feed. An investment in the fund is not a direct investment in bitcoin. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.