Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Short Interest Down 39.8% in April

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 658,076 shares, a drop of 39.8% from the April 15th total of 1,093,999 shares. Based on an average daily volume of 3,758,366 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FBTC. Wealth Dimensions Group Ltd. lifted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 232.5% during the 3rd quarter. Wealth Dimensions Group Ltd. now owns 9,500 shares of the company’s stock worth $948,000 after acquiring an additional 6,643 shares during the last quarter. McAdam LLC raised its position in Fidelity Wise Origin Bitcoin Fund by 6.3% in the 3rd quarter. McAdam LLC now owns 4,681 shares of the company’s stock worth $467,000 after purchasing an additional 277 shares during the period. AM Investment Strategies LLC raised its position in Fidelity Wise Origin Bitcoin Fund by 6.2% in the 3rd quarter. AM Investment Strategies LLC now owns 58,354 shares of the company’s stock worth $5,824,000 after purchasing an additional 3,407 shares during the period. Waldron Private Wealth LLC raised its position in Fidelity Wise Origin Bitcoin Fund by 52.5% in the 3rd quarter. Waldron Private Wealth LLC now owns 10,398 shares of the company’s stock worth $1,038,000 after purchasing an additional 3,578 shares during the period. Finally, QTR Family Wealth LLC raised its position in Fidelity Wise Origin Bitcoin Fund by 0.3% in the 3rd quarter. QTR Family Wealth LLC now owns 52,320 shares of the company’s stock worth $5,222,000 after purchasing an additional 157 shares during the period.

Fidelity Wise Origin Bitcoin Fund Stock Performance

Shares of FBTC stock opened at $66.87 on Tuesday. The firm has a 50 day moving average price of $64.20 and a two-hundred day moving average price of $71.54. Fidelity Wise Origin Bitcoin Fund has a 12-month low of $54.21 and a 12-month high of $110.25.

Fidelity Wise Origin Bitcoin Fund Company Profile

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.