WisdomTree Bitcoin Fund (BATS:BTCW) Sees Significant Increase in Short Interest

WisdomTree Bitcoin Fund (BATS:BTCW) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 16,031 shares, a growth of 105.2% from the April 30th total of 7,811 shares. Based on an average daily trading volume, of 17,596 shares, the short-interest ratio is currently 0.9 days. Approximately 1.1% of the company’s stock are short sold.

Institutional Investors Weigh In On WisdomTree Bitcoin Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of WisdomTree Bitcoin Fund by 105.9% in the 1st 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 last quarter. Geneos Wealth Management Inc. increased its position in shares of WisdomTree Bitcoin Fund by 126.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 367 shares of the company’s stock worth $26,000 after purchasing an additional 205 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of WisdomTree Bitcoin Fund by 44.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,241 shares of the company’s stock worth $376,000 after purchasing an additional 1,612 shares during the last quarter. Meitav Investment House Ltd. increased its position in shares of WisdomTree Bitcoin Fund by 45.0% in the 1st quarter. Meitav Investment House Ltd. now owns 44,587 shares of the company’s stock worth $3,197,000 after purchasing an additional 13,847 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of WisdomTree Bitcoin Fund by 5.2% in the 1st quarter. Private Advisor Group LLC now owns 7,141 shares of the company’s stock worth $512,000 after purchasing an additional 356 shares during the last quarter.

WisdomTree Bitcoin Fund Stock Down 6.0%

WisdomTree Bitcoin Fund stock opened at $71.01 on Wednesday. WisdomTree Bitcoin Fund has a 12-month low of $66.21 and a 12-month high of $133.92. The firm’s fifty day moving average price is $78.91 and its 200 day moving average price is $84.54.

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.