WisdomTree Bitcoin Fund (BATS:BTCW) Sees Significant Growth in Short Interest

WisdomTree Bitcoin Fund (BATS:BTCW) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 9,047 shares, a growth of 1,199.9% from the August 15th total of 696 shares. Based on an average daily volume of 13,152 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the shares of the company are sold short.

WisdomTree Bitcoin Fund Stock Performance

BTCW traded down $1.17 during midday trading on Thursday, reaching $81.46. The company had a trading volume of 8,314 shares, compared to its average volume of 31,521. The business has a 50-day moving average of $72.22 and a two-hundred day moving average of $73.83. WisdomTree Bitcoin Fund has a 1 year low of $61.45 and a 1 year high of $133.92.

Institutional Investors Weigh In On WisdomTree Bitcoin Fund

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in WisdomTree Bitcoin Fund by 105.9% in the 1st quarter. Bank of New York Mellon Corp now owns 179,758 shares of the company’s stock valued at $12,890,000 after acquiring an additional 92,443 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of WisdomTree Bitcoin Fund by 522.1% during the 1st quarter. Jane Street Group LLC now owns 38,038 shares of the company’s stock valued at $3,319,000 after purchasing an additional 31,924 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of WisdomTree Bitcoin Fund by 89.0% during the 4th quarter. LPL Financial LLC now owns 33,618 shares of the company’s stock valued at $3,116,000 after purchasing an additional 15,832 shares during the last quarter. Meitav Investment House Ltd. grew its position in shares of WisdomTree Bitcoin Fund by 45.0% during the first quarter. Meitav Investment House Ltd. now owns 44,587 shares of the company’s stock valued at $3,197,000 after purchasing an additional 13,847 shares in the last quarter. Finally, Whitaker Myers Wealth Managers LTD. grew its position in shares of WisdomTree Bitcoin Fund by 14.5% during the second quarter. Whitaker Myers Wealth Managers LTD. now owns 44,296 shares of the company’s stock valued at $2,746,000 after purchasing an additional 5,600 shares in the last quarter.

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.