WisdomTree Bitcoin Fund (BATS:BTCW) Sees Large Drop in Short Interest

WisdomTree Bitcoin Fund (BATS:BTCW) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,233 shares, a decrease of 55.6% from the June 30th total of 5,026 shares. Based on an average daily trading volume, of 34,265 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On WisdomTree Bitcoin Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in 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 valued at $12,890,000 after purchasing an additional 92,443 shares in the last quarter. Meitav Investment House Ltd. boosted its position in WisdomTree Bitcoin Fund by 45.0% during the first quarter. Meitav Investment House Ltd. now owns 44,587 shares of the company’s stock worth $3,197,000 after purchasing an additional 13,847 shares in the last quarter. Whitaker Myers Wealth Managers LTD. boosted its position in WisdomTree Bitcoin Fund by 14.5% during the second 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. Jane Street Group LLC grew its holdings in WisdomTree Bitcoin Fund by 522.1% in the first quarter. Jane Street Group LLC now owns 38,038 shares of the company’s stock valued at $3,319,000 after purchasing an additional 31,924 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in WisdomTree Bitcoin Fund by 89.0% in the fourth quarter. LPL Financial LLC now owns 33,618 shares of the company’s stock valued at $3,116,000 after purchasing an additional 15,832 shares during the last quarter.

WisdomTree Bitcoin Fund Stock Down 1.8%

Shares of WisdomTree Bitcoin Fund stock opened at $67.39 on Wednesday. WisdomTree Bitcoin Fund has a 12-month low of $61.45 and a 12-month high of $133.92. The company has a 50-day moving average of $69.09 and a two-hundred day moving average of $76.32.

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.