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

WisdomTree Bitcoin Fund (BATS:BTCW) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 2,233 shares, a drop of 55.6% from the June 30th total of 5,026 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 34,265 shares, the days-to-cover ratio is presently 0.1 days.

WisdomTree Bitcoin Fund Stock Down 0.4%

Shares of BATS:BTCW opened at $67.10 on Thursday. WisdomTree Bitcoin Fund has a 52 week low of $61.45 and a 52 week high of $133.92. The business has a fifty day simple moving average of $68.79 and a 200-day simple moving average of $76.11.

Hedge Funds Weigh In On WisdomTree Bitcoin Fund

Institutional investors have recently added to or reduced their stakes in the company. Meitav Investment House Ltd. increased 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 worth $3,197,000 after buying an additional 13,847 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of 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 buying an additional 1,612 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of WisdomTree Bitcoin Fund by 126.5% in the first quarter. Geneos Wealth Management Inc. now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 205 shares during the period. Jane Street Group LLC lifted its stake in WisdomTree Bitcoin Fund by 522.1% during the first quarter. Jane Street Group LLC now owns 38,038 shares of the company’s stock valued at $3,319,000 after purchasing an additional 31,924 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of WisdomTree Bitcoin Fund by 89.0% during the fourth quarter. LPL Financial LLC now owns 33,618 shares of the company’s stock valued at $3,116,000 after purchasing an additional 15,832 shares during the last quarter.

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.