Franklin Bitcoin ETF (BATS:EZBC) Shares Shorted: Short Interest Down 73.5% in October

Franklin Bitcoin ETF (BATS:EZBC) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 65,603 shares, a drop of 73.5% from the October 15th total of 247,118 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 149,789 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Franklin Bitcoin ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its stake in shares of Franklin Bitcoin ETF by 22.9% in the 3rd quarter. Global Retirement Partners LLC now owns 31,513 shares of the company’s stock valued at $1,522,000 after purchasing an additional 5,870 shares during the last quarter. Western Wealth Management LLC grew its position in shares of Franklin Bitcoin ETF by 4.6% during the 3rd quarter. Western Wealth Management LLC now owns 6,734 shares of the company’s stock worth $325,000 after buying an additional 297 shares during the period. Horizon Wealth Management LLC bought a new stake in shares of Franklin Bitcoin ETF during the third quarter worth approximately $232,000. Kestra Advisory Services LLC bought a new stake in shares of Franklin Bitcoin ETF during the third quarter worth approximately $3,184,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of Franklin Bitcoin ETF by 2.3% during the third quarter. Commonwealth Equity Services LLC now owns 11,948 shares of the company’s stock worth $577,000 after buying an additional 267 shares during the last quarter.

Franklin Bitcoin ETF Stock Performance

EZBC stock opened at $41.20 on Friday. Franklin Bitcoin ETF has a twelve month low of $33.50 and a twelve month high of $59.80. The business has a fifty day moving average of $46.54 and a 200-day moving average of $42.03.

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.