Short Interest in Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Drops By 39.8%

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 658,076 shares, a decline of 39.8% from the April 15th total of 1,093,999 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 3,758,366 shares, the days-to-cover ratio is currently 0.2 days.

Fidelity Wise Origin Bitcoin Fund Trading Down 2.9%

BATS:FBTC opened at $68.84 on Friday. The company’s 50-day moving average is $64.10 and its two-hundred day moving average is $71.95. Fidelity Wise Origin Bitcoin Fund has a 1-year low of $54.21 and a 1-year high of $110.25.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC increased its stake in Fidelity Wise Origin Bitcoin Fund by 5.9% during the 3rd quarter. Millennium Management LLC now owns 7,447,005 shares of the company’s stock worth $743,286,000 after buying an additional 414,799 shares during the period. Schonfeld Strategic Advisors LLC grew its holdings in Fidelity Wise Origin Bitcoin Fund by 7.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 2,349,936 shares of the company’s stock worth $179,136,000 after acquiring an additional 160,005 shares in the last quarter. Capula Management Ltd boosted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 41.1% in the 3rd quarter. Capula Management Ltd now owns 2,112,794 shares of the company’s stock valued at $210,878,000 after buying an additional 615,620 shares in the last quarter. Cantor Fitzgerald L. P. boosted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 24.2% in the 4th quarter. Cantor Fitzgerald L. P. now owns 1,280,931 shares of the company’s stock valued at $97,645,000 after buying an additional 250,000 shares in the last quarter. Finally, Consolidated Portfolio Review Corp boosted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 441.6% in the 4th quarter. Consolidated Portfolio Review Corp now owns 834,367 shares of the company’s stock valued at $63,604,000 after buying an additional 680,313 shares in 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.