WisdomTree Bitcoin Fund (BATS:BTCW) Sees Large Decline in Short Interest

WisdomTree Bitcoin Fund (BATS:BTCW) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 5,026 shares, a decline of 75.7% from the June 15th total of 20,719 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 23,150 shares, the days-to-cover ratio is currently 0.2 days.

WisdomTree Bitcoin Fund Price Performance

Shares of BATS:BTCW opened at $67.49 on Monday. The firm has a 50 day simple moving average of $72.94 and a 200 day simple moving average of $78.48. WisdomTree Bitcoin Fund has a one year low of $61.45 and a one year high of $133.92.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BTCW. Bank of New York Mellon Corp boosted its holdings in shares of WisdomTree Bitcoin Fund by 105.9% during the 1st quarter. Bank of New York Mellon Corp now owns 179,758 shares of the company’s stock valued at $12,890,000 after acquiring an additional 92,443 shares in the last quarter. Jane Street Group LLC raised its position in WisdomTree Bitcoin Fund by 522.1% in the first quarter. Jane Street Group LLC now owns 38,038 shares of the company’s stock valued at $3,319,000 after purchasing an additional 31,924 shares during the last quarter. LPL Financial LLC raised its position in WisdomTree Bitcoin Fund by 89.0% in the fourth quarter. LPL Financial LLC now owns 33,618 shares of the company’s stock valued at $3,116,000 after purchasing an additional 15,832 shares during the last quarter. Meitav Investment House Ltd. boosted its stake in shares of WisdomTree Bitcoin Fund by 45.0% during the first quarter. Meitav Investment House Ltd. now owns 44,587 shares of the company’s stock valued at $3,197,000 after purchasing an additional 13,847 shares in the last quarter. Finally, Whitaker Myers Wealth Managers LTD. boosted its stake in shares of WisdomTree Bitcoin Fund by 45.4% during the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 26,307 shares of the company’s stock valued at $2,438,000 after purchasing an additional 8,217 shares in 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.