Franklin Bitcoin ETF (BATS:EZBC) Sees Large Decrease in Short Interest

Franklin Bitcoin ETF (BATS:EZBC) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 15,527 shares, a decrease of 55.7% from the May 14th total of 35,043 shares. Based on an average daily volume of 185,880 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

Franklin Bitcoin ETF Price Performance

BATS EZBC opened at $36.75 on Friday. The business has a fifty day moving average price of $42.57 and a 200 day moving average price of $45.15. Franklin Bitcoin ETF has a one year low of $34.17 and a one year high of $73.16.

Hedge Funds Weigh In On Franklin Bitcoin ETF

Hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its stake in Franklin Bitcoin ETF by 36.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,206 shares of the company’s stock worth $58,000 after acquiring an additional 323 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Franklin Bitcoin ETF during the 2nd quarter worth about $31,000. Captrust Financial Advisors lifted its stake in Franklin Bitcoin ETF by 16.1% during the 2nd quarter. Captrust Financial Advisors now owns 13,787 shares of the company’s stock worth $861,000 after acquiring an additional 1,915 shares in the last quarter. Semmax Financial Advisors Inc. lifted its stake in Franklin Bitcoin ETF by 42.2% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 519 shares of the company’s stock worth $35,000 after acquiring an additional 154 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Franklin Bitcoin ETF by 23.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 8,247 shares of the company’s stock worth $546,000 after acquiring an additional 1,569 shares in the last quarter.

About Franklin Bitcoin ETF

The Franklin Bitcoin ETF (EZBC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund seeks to replicate the performance of Bitcoin using a Benchmark Rate to determine its value. The fund does not directly invest in Bitcoin EZBC was launched on Jan 11, 2024 and is issued by Franklin Templeton.