Franklin Bitcoin ETF (BATS:EZBC) Short Interest Down 55.7% in May

Franklin Bitcoin ETF (BATS:EZBC) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 15,527 shares, a decline of 55.7% from the May 14th total of 35,043 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 185,880 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Franklin Bitcoin ETF

A number of institutional investors have recently modified their holdings of EZBC. Virtu Financial LLC boosted its position in shares of Franklin Bitcoin ETF by 880.1% in the third quarter. Virtu Financial LLC now owns 118,284 shares of the company’s stock valued at $7,832,000 after acquiring an additional 106,215 shares during the period. Consilium Wealth Advisory LLC bought a new stake in shares of Franklin Bitcoin ETF in the fourth quarter valued at about $3,317,000. Round Rock Advisors LLC bought a new stake in shares of Franklin Bitcoin ETF in the fourth quarter valued at about $2,088,000. Vance Wealth LLC boosted its position in shares of Franklin Bitcoin ETF by 176.0% in the fourth quarter. Vance Wealth LLC now owns 49,720 shares of the company’s stock valued at $2,516,000 after acquiring an additional 31,704 shares during the period. Finally, Meitav Investment House Ltd. boosted its position in shares of Franklin Bitcoin ETF by 45.1% in the first quarter. Meitav Investment House Ltd. now owns 81,605 shares of the company’s stock valued at $3,198,000 after acquiring an additional 25,357 shares during the period.

Franklin Bitcoin ETF Trading Up 0.0%

Shares of Franklin Bitcoin ETF stock traded up $0.01 during trading on Friday, reaching $36.75. The company’s stock had a trading volume of 123,829 shares, compared to its average volume of 250,389. The business’s 50-day moving average price is $42.57 and its 200-day moving average price is $45.15. Franklin Bitcoin ETF has a 52 week low of $34.17 and a 52 week high of $73.16.

About Franklin Bitcoin ETF

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.