Franklin Bitcoin ETF (BATS:EZBC) Sees Large Increase in Short Interest

Franklin Bitcoin ETF (BATS:EZBC) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 45,907 shares, a growth of 195.7% from the May 31st total of 15,527 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 250,995 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Franklin Bitcoin ETF

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its stake in shares of Franklin Bitcoin ETF by 108.1% in the 1st quarter. NewEdge Advisors LLC now owns 793 shares of the company’s stock worth $31,000 after buying an additional 412 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Franklin Bitcoin ETF in the second quarter worth $31,000. Semmax Financial Advisors Inc. increased its holdings in shares of Franklin Bitcoin ETF by 42.2% during the second quarter. Semmax Financial Advisors Inc. now owns 519 shares of the company’s stock valued at $35,000 after acquiring an additional 154 shares in the last quarter. Caitlin John LLC bought a new position in Franklin Bitcoin ETF in the 3rd quarter worth about $38,000. Finally, Greenline Wealth Management LLC purchased a new stake in Franklin Bitcoin ETF during the 4th quarter valued at about $46,000.

Franklin Bitcoin ETF Stock Performance

Shares of Franklin Bitcoin ETF stock opened at $34.46 on Monday. Franklin Bitcoin ETF has a 1 year low of $33.50 and a 1 year high of $73.16. The company has a 50-day moving average of $41.59 and a 200 day moving average of $44.02.

Franklin Bitcoin ETF Company Profile

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.