Short Interest in Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Drops By 69.5%

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 528,662 shares, a decrease of 69.5% from the May 31st total of 1,735,441 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 5,879,727 shares, the short-interest ratio is presently 0.1 days.

Fidelity Wise Origin Bitcoin Fund Stock Performance

Shares of FBTC stock opened at $51.98 on Monday. Fidelity Wise Origin Bitcoin Fund has a one year low of $50.48 and a one year high of $110.25. The company’s fifty day moving average price is $62.64 and its 200-day moving average price is $66.30.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Several large investors have recently made changes to their positions in FBTC. Redwood Investment Management LLC grew its position in shares of Fidelity Wise Origin Bitcoin Fund by 11.5% during the first quarter. Redwood Investment Management LLC now owns 3,821 shares of the company’s stock worth $226,000 after purchasing an additional 394 shares in the last quarter. LFG Wealth Partners LLC bought a new position in Fidelity Wise Origin Bitcoin Fund in the 1st quarter worth approximately $2,603,000. Pine Valley Investments Ltd Liability Co grew its holdings in Fidelity Wise Origin Bitcoin Fund by 26.4% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 6,642 shares of the company’s stock valued at $392,000 after buying an additional 1,389 shares in the last quarter. Parallel Advisors LLC grew its holdings in Fidelity Wise Origin Bitcoin Fund by 45.1% during the 1st quarter. Parallel Advisors LLC now owns 18,578 shares of the company’s stock valued at $1,097,000 after buying an additional 5,773 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Fidelity Wise Origin Bitcoin Fund by 27.7% during the first quarter. NewEdge Advisors LLC now owns 78,941 shares of the company’s stock valued at $4,660,000 after buying an additional 17,141 shares during the last quarter.

Fidelity Wise Origin Bitcoin Fund Company Profile

The Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC) using a Bitcoin price feed. An investment in the fund is not a direct investment in bitcoin. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.