WisdomTree Bitcoin Fund (BATS:BTCW) Short Interest Update

WisdomTree Bitcoin Fund (BATS:BTCW) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 7,811 shares, a decline of 83.6% from the April 15th total of 47,553 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 23,101 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On WisdomTree Bitcoin Fund

Several hedge funds and other institutional investors have recently made changes to their positions in BTCW. Geneos Wealth Management Inc. grew its holdings in shares of WisdomTree Bitcoin Fund by 126.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 367 shares of the company’s stock valued at $26,000 after purchasing an additional 205 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of WisdomTree Bitcoin Fund during the 4th quarter valued at approximately $99,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of WisdomTree Bitcoin Fund by 545.6% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,330 shares of the company’s stock valued at $161,000 after purchasing an additional 1,124 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of WisdomTree Bitcoin Fund during the 2nd quarter valued at approximately $223,000. Finally, Nautilus Advisors LLC bought a new stake in shares of WisdomTree Bitcoin Fund during the 3rd quarter valued at approximately $226,000.

WisdomTree Bitcoin Fund Stock Performance

Shares of BATS:BTCW opened at $86.71 on Tuesday. The firm has a 50 day moving average of $76.94 and a 200-day moving average of $88.04. WisdomTree Bitcoin Fund has a 12 month low of $66.21 and a 12 month high of $133.92.

About WisdomTree Bitcoin Fund

The WisdomTree Bitcoin Fund (BTCW) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund passively mirrors the performance of Bitcoin, leveraging a Benchmark Rate for valuation. The fund does not engage in direct investment or management of the digital currency BTCW was launched on Jan 11, 2024 and is issued by WisdomTree.