Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Short Interest Update

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 3,783,056 shares, an increase of 150.4% from the August 31st total of 1,510,751 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average trading volume of 3,541,384 shares, the days-to-cover ratio is presently 1.1 days.

Fidelity Wise Origin Bitcoin Fund Trading Down 0.7%

Shares of BATS:FBTC opened at $72.53 on Tuesday. Fidelity Wise Origin Bitcoin Fund has a 1 year low of $50.48 and a 1 year high of $110.25. The firm’s 50-day moving average is $63.43 and its two-hundred day moving average is $61.78.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Several large investors have recently added to or reduced their stakes in the business. Syon Capital LLC raised its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 5,961.8% in the 2nd quarter. Syon Capital LLC now owns 283,149 shares of the company’s stock valued at $14,455,000 after purchasing an additional 278,478 shares in the last quarter. Diversify Wealth Management LLC grew its stake in shares of Fidelity Wise Origin Bitcoin Fund by 6,152.9% during the first quarter. Diversify Wealth Management LLC now owns 226,169 shares of the company’s stock worth $13,351,000 after purchasing an additional 222,552 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Fidelity Wise Origin Bitcoin Fund by 777.4% during the first quarter. Private Advisor Group LLC now owns 158,610 shares of the company’s stock worth $9,363,000 after purchasing an additional 140,533 shares in the last quarter. WINTON GROUP Ltd increased its holdings in Fidelity Wise Origin Bitcoin Fund by 28.2% in the fourth quarter. WINTON GROUP Ltd now owns 521,929 shares of the company’s stock valued at $39,787,000 after buying an additional 114,851 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Fidelity Wise Origin Bitcoin Fund by 29.4% in the first quarter. Cetera Investment Advisers now owns 407,064 shares of the company’s stock valued at $24,029,000 after buying an additional 92,543 shares during the last quarter.

About Fidelity Wise Origin Bitcoin Fund

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.