WisdomTree Bitcoin Fund (BATS:BTCW) Short Interest Update

WisdomTree Bitcoin Fund (BATS:BTCW) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 16,031 shares, a growth of 105.2% from the April 30th total of 7,811 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 17,596 shares, the short-interest ratio is currently 0.9 days.

WisdomTree Bitcoin Fund Stock Performance

BATS BTCW opened at $75.55 on Tuesday. The company has a fifty day moving average of $78.91 and a 200 day moving average of $84.54. WisdomTree Bitcoin Fund has a 1 year low of $66.21 and a 1 year high of $133.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its position in WisdomTree Bitcoin Fund by 126.5% during the first quarter. Geneos Wealth Management Inc. now owns 367 shares of the company’s stock valued at $26,000 after purchasing an additional 205 shares during the period. Great Valley Advisor Group Inc. increased its holdings in WisdomTree Bitcoin Fund by 4.8% in the fourth quarter. Great Valley Advisor Group Inc. now owns 4,960 shares of the company’s stock valued at $460,000 after buying an additional 225 shares in the last quarter. Nautilus Advisors LLC increased its holdings in WisdomTree Bitcoin Fund by 10.1% in the first quarter. Nautilus Advisors LLC now owns 3,447 shares of the company’s stock valued at $247,000 after buying an additional 316 shares in the last quarter. Private Advisor Group LLC increased its holdings in WisdomTree Bitcoin Fund by 5.2% in the first quarter. Private Advisor Group LLC now owns 7,141 shares of the company’s stock valued at $512,000 after buying an additional 356 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in WisdomTree Bitcoin Fund in the fourth quarter valued at $99,000.

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.