Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Short Interest Update

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,466,691 shares, an increase of 177.4% from the June 15th total of 528,662 shares. Based on an average daily volume of 4,795,834 shares, the short-interest ratio is presently 0.3 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Several hedge funds have recently bought and sold shares of the business. Millennium Management LLC increased its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 5.9% in the 3rd 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 boosted its holdings 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 worth $179,136,000 after purchasing an additional 160,005 shares during the period. Capula Management Ltd grew its position in Fidelity Wise Origin Bitcoin Fund by 41.1% during the third quarter. Capula Management Ltd now owns 2,112,794 shares of the company’s stock valued at $210,878,000 after purchasing an additional 615,620 shares in the last quarter. Cantor Fitzgerald L. P. grew its position in 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 valued at $97,645,000 after purchasing an additional 250,000 shares in the last quarter. Finally, Consolidated Portfolio Review Corp increased its stake in Fidelity Wise Origin Bitcoin Fund by 441.6% in the 4th quarter. Consolidated Portfolio Review Corp now owns 834,367 shares of the company’s stock valued at $63,604,000 after buying an additional 680,313 shares during the period.

Fidelity Wise Origin Bitcoin Fund Price Performance

Shares of FBTC traded down $1.41 during mid-day trading on Monday, reaching $54.21. The company’s stock had a trading volume of 2,719,190 shares, compared to its average volume of 5,298,087. The business has a fifty day moving average of $60.05 and a 200 day moving average of $64.62. Fidelity Wise Origin Bitcoin Fund has a 1 year low of $50.48 and a 1 year high of $110.25.

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.