Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Shares Shorted: Short Interest Down 59.3% in October

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 1,517,388 shares, a drop of 59.3% from the September 30th total of 3,732,162 shares. Based on an average daily trading volume, of 2,722,109 shares, the short-interest ratio is presently 0.6 days. Approximately 0.7% of the shares of the stock are short sold.

Fidelity Wise Origin Bitcoin Fund Price Performance

BATS:FBTC opened at $70.85 on Thursday. Fidelity Wise Origin Bitcoin Fund has a 52-week low of $50.48 and a 52-week high of $99.09. The stock has a fifty day moving average of $70.20 and a 200 day moving average of $64.07.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Institutional investors have recently added to or reduced their stakes in the business. MGO One Seven LLC raised its position in Fidelity Wise Origin Bitcoin Fund by 45.7% in the 3rd quarter. MGO One Seven LLC now owns 13,036 shares of the company’s stock worth $947,000 after purchasing an additional 4,087 shares during the period. Greenup Street Wealth Management LLC bought a new position in shares of Fidelity Wise Origin Bitcoin Fund during the third quarter valued at about $281,000. Cranbrook Wealth Management LLC lifted its holdings in Fidelity Wise Origin Bitcoin Fund by 68.0% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 1,087 shares of the company’s stock worth $79,000 after buying an additional 440 shares during the period. Parcion Private Wealth LLC grew its position in shares of Fidelity Wise Origin Bitcoin Fund by 1.7% in the 3rd quarter. Parcion Private Wealth LLC now owns 166,066 shares of the company’s stock worth $12,063,000 after buying an additional 2,809 shares during the last quarter. Finally, Soltis Investment Advisors LLC increased its stake in shares of Fidelity Wise Origin Bitcoin Fund by 2.2% during the third quarter. Soltis Investment Advisors LLC now owns 17,551 shares of the company’s stock valued at $1,275,000 after buying an additional 384 shares during the period.

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.