WisdomTree Bitcoin Fund (BATS:BTCW) Sees Significant Increase in Short Interest

WisdomTree Bitcoin Fund (BATS:BTCW) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 16,031 shares, a growth of 105.2% from the April 30th total of 7,811 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 17,596 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On WisdomTree Bitcoin Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its position in WisdomTree Bitcoin Fund by 126.5% during 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 in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in WisdomTree Bitcoin Fund during the 4th quarter worth approximately $99,000. NewEdge Advisors LLC acquired a new position in WisdomTree Bitcoin Fund during the 2nd quarter worth approximately $223,000. Nautilus Advisors LLC acquired a new position in WisdomTree Bitcoin Fund during the 3rd quarter worth approximately $226,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of WisdomTree Bitcoin Fund by 172.9% in 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 in the last quarter.

WisdomTree Bitcoin Fund Stock Performance

BTCW opened at $77.58 on Monday. The business has a 50-day moving average of $78.88 and a two-hundred day moving average of $84.80. WisdomTree Bitcoin Fund has a 12 month low of $66.21 and a 12 month high of $133.92.

WisdomTree Bitcoin Fund Company Profile

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.