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

WisdomTree Bitcoin Fund (BATS:BTCW) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 9,047 shares, an increase of 1,199.9% from the August 15th total of 696 shares. Based on an average trading volume of 13,152 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On WisdomTree Bitcoin Fund

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

WisdomTree Bitcoin Fund Stock Down 1.4%

Shares of BATS BTCW traded down $1.17 during midday trading on Thursday, reaching $81.46. 8,314 shares of the stock traded hands, compared to its average volume of 31,521. WisdomTree Bitcoin Fund has a one year low of $61.45 and a one year high of $133.92. The company’s 50 day moving average is $72.22 and its 200 day moving average is $73.83.

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.