Franklin Bitcoin ETF (BATS:EZBC – Get Free Report) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 62,864 shares, an increase of 275.3% from the July 15th total of 16,749 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 82,948 shares, the days-to-cover ratio is currently 0.8 days.
Franklin Bitcoin ETF Price Performance
Franklin Bitcoin ETF stock opened at $36.58 on Friday. 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 $36.57 and a 200-day moving average price of $40.32.
Hedge Funds Weigh In On Franklin Bitcoin ETF
Several hedge funds have recently modified their holdings of EZBC. Virtu Financial LLC boosted its stake in Franklin Bitcoin ETF by 880.1% in the 3rd quarter. Virtu Financial LLC now owns 118,284 shares of the company’s stock worth $7,832,000 after purchasing an additional 106,215 shares in the last quarter. Consilium Wealth Advisory LLC purchased a new position in shares of Franklin Bitcoin ETF in the fourth quarter worth $3,317,000. Round Rock Advisors LLC purchased a new position in shares of Franklin Bitcoin ETF in the fourth quarter worth $2,088,000. Vance Wealth LLC raised its holdings in shares of Franklin Bitcoin ETF by 176.0% in the fourth quarter. Vance Wealth LLC now owns 49,720 shares of the company’s stock worth $2,516,000 after buying an additional 31,704 shares during the last quarter. Finally, Meitav Investment House Ltd. lifted its stake in shares of Franklin Bitcoin ETF by 45.1% during the first quarter. Meitav Investment House Ltd. now owns 81,605 shares of the company’s stock worth $3,198,000 after buying an additional 25,357 shares during the period.
About Franklin Bitcoin ETF
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.
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