WisdomTree Bitcoin Fund (BATS:BTCW) Shares Shorted: Short Interest Up 586.8% in September

WisdomTree Bitcoin Fund (BATS:BTCW) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 62,131 shares, an increase of 586.8% from the August 31st total of 9,047 shares. Approximately 4.3% of the shares of the company are sold short. Based on an average trading volume of 24,715 shares, the days-to-cover ratio is currently 2.5 days.

WisdomTree Bitcoin Fund Stock Performance

BTCW stock opened at $88.68 on Friday. The company’s 50-day simple moving average is $76.64 and its 200 day simple moving average is $74.93. WisdomTree Bitcoin Fund has a 52 week low of $61.45 and a 52 week high of $133.92.

Institutional Trading of WisdomTree Bitcoin Fund

A number of institutional investors have recently bought and sold shares of BTCW. Geneos Wealth Management Inc. raised its position in shares of WisdomTree Bitcoin Fund by 126.5% in the first quarter. Geneos Wealth Management Inc. now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 205 shares in the last quarter. Nautilus Advisors LLC grew its position in WisdomTree Bitcoin Fund by 10.1% during the first quarter. Nautilus Advisors LLC now owns 3,447 shares of the company’s stock worth $247,000 after buying an additional 316 shares in the last quarter. Private Advisor Group LLC grew its position in WisdomTree Bitcoin Fund by 5.2% during the first quarter. Private Advisor Group LLC now owns 7,141 shares of the company’s stock worth $512,000 after buying an additional 356 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in WisdomTree Bitcoin Fund during the fourth quarter worth approximately $99,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in WisdomTree Bitcoin Fund by 44.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,241 shares of the company’s stock worth $376,000 after acquiring an additional 1,612 shares during the period.

WisdomTree Bitcoin Fund Company Profile

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.