Short Interest in Franklin Bitcoin ETF (BATS:EZBC) Decreases By 50.8%

Franklin Bitcoin ETF (BATS:EZBC) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 16,749 shares, a drop of 50.8% from the June 30th total of 34,016 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 123,738 shares, the short-interest ratio is presently 0.1 days.

Franklin Bitcoin ETF Stock Performance

EZBC stock opened at $36.89 on Wednesday. Franklin Bitcoin ETF has a 1-year low of $33.50 and a 1-year high of $73.16. The business has a fifty day moving average price of $37.78 and a 200-day moving average price of $41.73.

Institutional Investors Weigh In On Franklin Bitcoin ETF

Several large investors have recently bought and sold shares of EZBC. Raymond James Financial Inc. purchased a new position in Franklin Bitcoin ETF in the 2nd quarter worth about $31,000. Semmax Financial Advisors Inc. boosted its holdings in shares of Franklin Bitcoin ETF by 42.2% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 519 shares of the company’s stock valued at $35,000 after acquiring an additional 154 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Franklin Bitcoin ETF by 108.1% in the first quarter. NewEdge Advisors LLC now owns 793 shares of the company’s stock worth $31,000 after acquiring an additional 412 shares during the period. Greenline Wealth Management LLC bought a new stake in shares of Franklin Bitcoin ETF in the fourth quarter worth approximately $46,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Franklin Bitcoin ETF in the third quarter worth approximately $63,000.

Franklin Bitcoin ETF Company Profile

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.