Shares of WisdomTree Bitcoin Fund (BATS:BTCW – Get Free Report) were down 3.9% during trading on Wednesday . The company traded as low as $62.59 and last traded at $63.24. Approximately 10,466 shares traded hands during trading, a decline of 71% from the average session volume of 35,786 shares. The stock had previously closed at $65.82.
WisdomTree Bitcoin Fund Stock Performance
The company’s fifty day simple moving average is $76.75 and its two-hundred day simple moving average is $80.99.
Institutional Investors Weigh In On WisdomTree Bitcoin Fund
Several hedge funds and other institutional investors have recently made changes to their positions in BTCW. Geneos Wealth Management Inc. raised its holdings in shares of WisdomTree Bitcoin Fund by 126.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 367 shares of the company’s stock worth $26,000 after acquiring an additional 205 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in WisdomTree Bitcoin Fund in the 4th quarter valued at about $99,000. Nautilus Advisors LLC acquired a new position in WisdomTree Bitcoin Fund during the 3rd quarter valued at about $226,000. NewEdge Advisors LLC acquired a new position in WisdomTree Bitcoin Fund during the 2nd quarter valued at about $223,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in WisdomTree Bitcoin Fund by 172.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,629 shares of the company’s stock valued at $336,000 after purchasing an additional 2,299 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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