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

Franklin Bitcoin ETF (BATS:EZBC) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 45,907 shares, a growth of 195.7% from the May 31st total of 15,527 shares. Based on an average daily volume of 250,995 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Franklin Bitcoin ETF

Several institutional investors and hedge funds have recently modified their holdings of EZBC. Rede Wealth LLC bought a new stake in Franklin Bitcoin ETF in the 4th quarter valued at $1,076,000. Consilium Wealth Advisory LLC bought a new position in Franklin Bitcoin ETF during the 4th quarter worth $3,317,000. Northwestern Mutual Wealth Management Co. acquired a new position in Franklin Bitcoin ETF in the 4th quarter valued at $808,000. Round Rock Advisors LLC acquired a new position in Franklin Bitcoin ETF in the 4th quarter valued at $2,088,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Franklin Bitcoin ETF in the 4th quarter valued at $760,000.

Franklin Bitcoin ETF Stock Performance

Shares of Franklin Bitcoin ETF stock opened at $34.46 on Friday. The business has a 50-day moving average of $41.59 and a two-hundred day moving average of $44.07. Franklin Bitcoin ETF has a 1 year low of $33.50 and a 1 year high of $73.16.

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.