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

Franklin Bitcoin ETF (BATS:EZBC) saw a large increase in short interest in 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. Based on an average trading volume of 82,948 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Franklin Bitcoin ETF

A number of institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in Franklin Bitcoin ETF by 108.1% in the first quarter. NewEdge Advisors LLC now owns 793 shares of the company’s stock valued at $31,000 after buying an additional 412 shares during the period. Raymond James Financial Inc. bought a new position in Franklin Bitcoin ETF in the second quarter worth approximately $31,000. Semmax Financial Advisors Inc. grew its position in Franklin Bitcoin ETF by 42.2% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 519 shares of the company’s stock valued at $35,000 after purchasing an additional 154 shares during the period. Greenline Wealth Management LLC acquired a new position in shares of Franklin Bitcoin ETF during the fourth quarter valued at about $46,000. Finally, Ballast Advisors LLC acquired a new position in Franklin Bitcoin ETF during the 1st quarter valued at about $47,000.

Franklin Bitcoin ETF Price Performance

Shares of EZBC stock opened at $36.61 on Thursday. The business’s 50-day moving average price is $36.57 and its 200-day moving average price is $40.43. Franklin Bitcoin ETF has a 12 month low of $33.50 and a 12 month high of $73.16.

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.