WisdomTree Bitcoin Fund (BATS:BTCW) Shares Shorted: Short Interest Up 586.8% in September

WisdomTree Bitcoin Fund (BATS:BTCW) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 62,131 shares, a growth of 586.8% from the August 31st total of 9,047 shares. Based on an average daily volume of 24,715 shares, the days-to-cover ratio is currently 2.5 days. Approximately 4.3% of the shares of the company are sold short.

Hedge Funds Weigh In On WisdomTree Bitcoin Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in BTCW. Meitav Investment House Ltd. lifted its stake in WisdomTree Bitcoin Fund by 45.0% in the first 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 during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of WisdomTree Bitcoin Fund by 44.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,241 shares of the company’s stock valued at $376,000 after purchasing an additional 1,612 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of WisdomTree Bitcoin Fund by 126.5% during the first quarter. Geneos Wealth Management Inc. now owns 367 shares of the company’s stock valued at $26,000 after purchasing an additional 205 shares during the period. Bank of New York Mellon Corp boosted its position in shares of WisdomTree Bitcoin Fund by 105.9% during the 1st quarter. Bank of New York Mellon Corp now owns 179,758 shares of the company’s stock worth $12,890,000 after purchasing an additional 92,443 shares in the last quarter. Finally, Whitaker Myers Wealth Managers LTD. boosted 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 worth $2,746,000 after purchasing an additional 5,600 shares in the last quarter.

WisdomTree Bitcoin Fund Stock Performance

BTCW opened at $88.68 on Friday. The company’s 50 day moving average is $76.64 and its 200-day moving average is $74.93. WisdomTree Bitcoin Fund has a 1-year low of $61.45 and a 1-year high of $133.92.

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.