Short Interest in Franklin Bitcoin ETF (BATS:EZBC) Grows By 275.3%

Franklin Bitcoin ETF (BATS:EZBC) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 62,864 shares, an increase of 275.3% from the July 15th total of 16,749 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 82,948 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Franklin Bitcoin ETF

Large investors have recently modified their holdings of the stock. Semmax Financial Advisors Inc. lifted its position in Franklin Bitcoin ETF by 42.2% during the second quarter. Semmax Financial Advisors Inc. now owns 519 shares of the company’s stock worth $35,000 after acquiring an additional 154 shares during the last quarter. WCG Wealth Advisors LLC lifted its position in Franklin Bitcoin ETF by 2.1% during the third quarter. WCG Wealth Advisors LLC now owns 12,340 shares of the company’s stock worth $817,000 after purchasing an additional 250 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Franklin Bitcoin ETF by 36.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,206 shares of the company’s stock valued at $58,000 after buying an additional 323 shares in the last quarter. Private Advisor Group LLC lifted its stake in Franklin Bitcoin ETF by 3.6% during the first quarter. Private Advisor Group LLC now owns 9,811 shares of the company’s stock worth $384,000 after purchasing an additional 340 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Franklin Bitcoin ETF by 108.1% during the 1st quarter. NewEdge Advisors LLC now owns 793 shares of the company’s stock worth $31,000 after buying an additional 412 shares during the last quarter.

Franklin Bitcoin ETF Trading Down 0.2%

Shares of BATS:EZBC opened at $36.61 on Thursday. Franklin Bitcoin ETF has a 52-week low of $33.50 and a 52-week high of $73.16. The company has a 50-day simple moving average of $36.57 and a 200 day simple moving average of $40.43.

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.