Franklin Bitcoin ETF (BATS:EZBC – Get Free Report) was the target of a large decline in short interest during 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. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 185,880 shares, the days-to-cover ratio is currently 0.1 days.
Franklin Bitcoin ETF Stock Performance
Shares of Franklin Bitcoin ETF stock opened at $36.75 on Monday. Franklin Bitcoin ETF has a 52-week low of $34.17 and a 52-week high of $73.16. The stock has a 50-day simple moving average of $42.57 and a 200-day simple moving average of $45.12.
Institutional Investors Weigh In On Franklin Bitcoin ETF
Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Franklin Bitcoin ETF during the 2nd quarter valued at about $31,000. Semmax Financial Advisors Inc. lifted its holdings in shares of Franklin Bitcoin ETF by 42.2% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 519 shares of the company’s stock valued at $35,000 after buying an additional 154 shares during the last quarter. Caitlin John LLC acquired a new stake in Franklin Bitcoin ETF in the 3rd quarter worth approximately $38,000. NewEdge Advisors LLC lifted its holdings in Franklin Bitcoin ETF by 108.1% in the 1st quarter. NewEdge Advisors LLC now owns 793 shares of the company’s stock worth $31,000 after purchasing an additional 412 shares during the last quarter. Finally, Greenline Wealth Management LLC acquired a new stake in Franklin Bitcoin ETF in the 4th quarter worth approximately $46,000.
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.
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