Franklin Bitcoin ETF (BATS:EZBC) Short Interest Down 48.4% in August

Franklin Bitcoin ETF (BATS:EZBC) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 115,306 shares, a decrease of 48.4% from the August 15th total of 223,385 shares. Based on an average daily trading volume, of 167,881 shares, the short-interest ratio is currently 0.7 days. Approximately 1.3% of the company’s stock are sold short.

Franklin Bitcoin ETF Stock Up 2.2%

Franklin Bitcoin ETF stock opened at $45.65 on Tuesday. The firm’s fifty day moving average price is $40.03 and its two-hundred day moving average price is $40.50. Franklin Bitcoin ETF has a 1-year low of $33.50 and a 1-year high of $73.16.

Hedge Funds Weigh In On Franklin Bitcoin ETF

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in Franklin Bitcoin ETF during the 4th quarter worth approximately $808,000. Meitav Investment House Ltd. raised its position in Franklin Bitcoin ETF by 45.1% in the 1st quarter. Meitav Investment House Ltd. now owns 81,605 shares of the company’s stock valued at $3,198,000 after buying an additional 25,357 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Franklin Bitcoin ETF by 24.4% during the 1st quarter. Sanctuary Advisors LLC now owns 80,314 shares of the company’s stock valued at $3,148,000 after acquiring an additional 15,770 shares in the last quarter. Cetera Investment Advisers lifted its stake in Franklin Bitcoin ETF by 11.0% during the 1st quarter. Cetera Investment Advisers now owns 157,303 shares of the company’s stock valued at $6,165,000 after acquiring an additional 15,632 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Franklin Bitcoin ETF by 3.6% during the 1st quarter. Private Advisor Group LLC now owns 9,811 shares of the company’s stock worth $384,000 after acquiring an additional 340 shares during the last quarter.

About Franklin Bitcoin ETF

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.