Short Interest in WisdomTree Bitcoin Fund (BATS:BTCW) Declines By 75.7%

WisdomTree Bitcoin Fund (BATS:BTCWGet Free Report) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 5,026 shares, a drop of 75.7% from the June 15th total of 20,719 shares. Based on an average daily trading volume, of 23,150 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the stock are short sold.

WisdomTree Bitcoin Fund Stock Up 1.1%

Shares of BATS:BTCW opened at $67.49 on Friday. The company has a 50 day moving average of $72.94 and a 200-day moving average of $78.58. WisdomTree Bitcoin Fund has a twelve month low of $61.45 and a twelve month high of $133.92.

Institutional Investors Weigh In On WisdomTree Bitcoin Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in shares of WisdomTree Bitcoin Fund by 126.5% in the first quarter. Geneos Wealth Management Inc. now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 205 shares during the period. Great Valley Advisor Group Inc. grew its holdings in WisdomTree Bitcoin Fund by 4.8% during the fourth quarter. Great Valley Advisor Group Inc. now owns 4,960 shares of the company’s stock worth $460,000 after acquiring an additional 225 shares during the period. Nautilus Advisors LLC grew its holdings in WisdomTree Bitcoin Fund by 10.1% during the first quarter. Nautilus Advisors LLC now owns 3,447 shares of the company’s stock worth $247,000 after acquiring an additional 316 shares during the period. Private Advisor Group LLC raised its position in WisdomTree Bitcoin Fund by 5.2% in the first quarter. Private Advisor Group LLC now owns 7,141 shares of the company’s stock worth $512,000 after acquiring an additional 356 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in WisdomTree Bitcoin Fund in the fourth quarter worth about $99,000.

WisdomTree Bitcoin Fund Company Profile

(Get Free Report)

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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