WisdomTree Bitcoin Fund (BATS:BTCW) Shares Shorted: Short Interest Up 55.7% in September

WisdomTree Bitcoin Fund (BATS:BTCW) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 96,764 shares, a growth of 55.7% from the September 15th total of 62,131 shares. Based on an average trading volume of 7,830 shares, the short-interest ratio is presently 12.4 days. Currently, 6.6% of the shares of the company are short sold.

WisdomTree Bitcoin Fund Stock Up 0.6%

BATS:BTCW opened at $86.88 on Friday. WisdomTree Bitcoin Fund has a 52 week low of $61.45 and a 52 week high of $122.97. The firm’s 50-day simple moving average is $82.22 and its 200 day simple moving average is $76.27.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BTCW. Bank of New York Mellon Corp increased its holdings in shares of WisdomTree Bitcoin Fund by 105.9% during the first quarter. Bank of New York Mellon Corp now owns 179,758 shares of the company’s stock worth $12,890,000 after purchasing an additional 92,443 shares during the period. Meitav Investment House Ltd. boosted its stake in shares of WisdomTree Bitcoin Fund by 45.0% in the first quarter. Meitav Investment House Ltd. now owns 44,587 shares of the company’s stock valued at $3,197,000 after buying an additional 13,847 shares during the period. Whitaker Myers Wealth Managers LTD. grew its position in WisdomTree Bitcoin Fund by 14.5% during the second quarter. Whitaker Myers Wealth Managers LTD. now owns 44,296 shares of the company’s stock worth $2,746,000 after buying an additional 5,600 shares in the last quarter. Private Advisor Group LLC increased its stake in WisdomTree Bitcoin Fund by 5.2% during the 1st quarter. Private Advisor Group LLC now owns 7,141 shares of the company’s stock worth $512,000 after acquiring an additional 356 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in WisdomTree Bitcoin Fund by 44.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,241 shares of the company’s stock worth $376,000 after acquiring an additional 1,612 shares during the period.

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.