Franklin Bitcoin ETF (BATS:EZBC) Short Interest Update

Franklin Bitcoin ETF (BATS:EZBC) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 16,749 shares, a decrease of 50.8% from the June 30th total of 34,016 shares. Based on an average daily volume of 123,738 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EZBC. Semmax Financial Advisors Inc. increased its position in Franklin Bitcoin ETF by 42.2% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 519 shares of the company’s stock worth $35,000 after buying an additional 154 shares during the period. WCG Wealth Advisors LLC boosted its position in shares of Franklin Bitcoin ETF by 2.1% in the third quarter. WCG Wealth Advisors LLC now owns 12,340 shares of the company’s stock valued at $817,000 after acquiring an additional 250 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Franklin Bitcoin ETF by 36.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,206 shares of the company’s stock valued at $58,000 after acquiring an additional 323 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Franklin Bitcoin ETF by 3.6% in the first quarter. Private Advisor Group LLC now owns 9,811 shares of the company’s stock valued at $384,000 after acquiring an additional 340 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Franklin Bitcoin ETF by 108.1% during the first quarter. NewEdge Advisors LLC now owns 793 shares of the company’s stock worth $31,000 after acquiring an additional 412 shares during the period.

Franklin Bitcoin ETF Trading Up 1.1%

Shares of BATS EZBC opened at $37.49 on Tuesday. Franklin Bitcoin ETF has a 1-year low of $33.50 and a 1-year high of $73.16. The business’s 50 day moving average is $37.92 and its 200-day moving average is $41.84.

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.