WisdomTree Bitcoin Fund (BATS:BTCW) Stock Short Interest Jumps 55.7%

WisdomTree Bitcoin Fund (BATS:BTCW) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 96,764 shares, an increase of 55.7% from the September 15th total of 62,131 shares. Approximately 6.6% of the shares of the company are short sold. Based on an average daily trading volume, of 7,830 shares, the short-interest ratio is currently 12.4 days.

WisdomTree Bitcoin Fund Stock Performance

BTCW stock opened at $86.12 on Friday. WisdomTree Bitcoin Fund has a 52 week low of $61.45 and a 52 week high of $122.97. The firm’s 50-day moving average is $82.57 and its two-hundred day moving average is $76.34.

Institutional Trading of WisdomTree Bitcoin Fund

Several institutional investors and hedge funds have recently bought and sold shares of BTCW. Bank of New York Mellon Corp boosted its position in shares of WisdomTree Bitcoin Fund by 105.9% in the first quarter. Bank of New York Mellon Corp now owns 179,758 shares of the company’s stock worth $12,890,000 after buying an additional 92,443 shares during the period. Meitav Investment House Ltd. increased its stake in shares of WisdomTree Bitcoin Fund by 45.0% during the 1st quarter. Meitav Investment House Ltd. now owns 44,587 shares of the company’s stock worth $3,197,000 after purchasing an additional 13,847 shares during the last quarter. Whitaker Myers Wealth Managers LTD. boosted its holdings in WisdomTree Bitcoin Fund by 14.5% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 44,296 shares of the company’s stock worth $2,746,000 after purchasing an additional 5,600 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in WisdomTree Bitcoin Fund by 44.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,241 shares of the company’s stock valued at $376,000 after buying an additional 1,612 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in WisdomTree Bitcoin Fund by 5.2% during the first quarter. Private Advisor Group LLC now owns 7,141 shares of the company’s stock worth $512,000 after purchasing an additional 356 shares during the period.

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.