Short Interest in WisdomTree Bitcoin Fund (BATS:BTCW) Decreases By 54.4%

WisdomTree Bitcoin Fund (BATS:BTCW) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,019 shares, a decrease of 54.4% from the July 15th total of 2,233 shares. Based on an average trading volume of 16,623 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

WisdomTree Bitcoin Fund Stock Performance

WisdomTree Bitcoin Fund stock opened at $66.47 on Monday. The stock has a fifty day moving average price of $66.92 and a two-hundred day moving average price of $73.56. WisdomTree Bitcoin Fund has a 52-week low of $61.45 and a 52-week high of $133.92.

Institutional Investors Weigh In On WisdomTree Bitcoin Fund

A number of hedge funds have recently made changes to their positions in BTCW. Bank of New York Mellon Corp lifted its holdings in WisdomTree Bitcoin Fund by 105.9% during 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 during the last quarter. Meitav Investment House Ltd. increased its holdings in shares of 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 buying an additional 13,847 shares in the last quarter. Whitaker Myers Wealth Managers LTD. increased its holdings in shares of 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 buying an additional 5,600 shares in the last quarter. Jane Street Group LLC raised its stake in shares of 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 acquiring an additional 31,924 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of 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 acquiring an additional 15,832 shares during the last quarter.

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.