Short Interest in Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Drops By 69.5%

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 528,662 shares, a decline of 69.5% from the May 31st total of 1,735,441 shares. Based on an average daily trading volume, of 5,879,727 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Fidelity Wise Origin Bitcoin Fund Trading Up 1.0%

Shares of FBTC stock opened at $51.98 on Friday. The company has a 50 day moving average price of $62.64 and a 200-day moving average price of $66.38. Fidelity Wise Origin Bitcoin Fund has a 52 week low of $50.48 and a 52 week high of $110.25.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC grew its holdings in Fidelity Wise Origin Bitcoin Fund by 5.9% during the third quarter. Millennium Management LLC now owns 7,447,005 shares of the company’s stock valued at $743,286,000 after purchasing an additional 414,799 shares during the period. Schonfeld Strategic Advisors LLC raised its position in shares of Fidelity Wise Origin Bitcoin Fund by 7.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 2,349,936 shares of the company’s stock valued at $179,136,000 after buying an additional 160,005 shares during the last quarter. Capula Management Ltd lifted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 41.1% in the third quarter. Capula Management Ltd now owns 2,112,794 shares of the company’s stock worth $210,878,000 after buying an additional 615,620 shares in the last quarter. Cantor Fitzgerald L. P. boosted its position in shares of Fidelity Wise Origin Bitcoin Fund by 24.2% during the fourth quarter. Cantor Fitzgerald L. P. now owns 1,280,931 shares of the company’s stock worth $97,645,000 after acquiring an additional 250,000 shares during the last quarter. Finally, Consolidated Portfolio Review Corp boosted its position in shares of Fidelity Wise Origin Bitcoin Fund by 441.6% during the fourth quarter. Consolidated Portfolio Review Corp now owns 834,367 shares of the company’s stock worth $63,604,000 after acquiring an additional 680,313 shares during the last quarter.

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.