Franklin Bitcoin ETF (BATS:EZBC) Sees Significant Drop in Short Interest

Franklin Bitcoin ETF (BATS:EZBC) was the recipient of a significant drop in short interest in October. As of October 30th, there was short interest totaling 65,603 shares, a drop of 73.5% from the October 15th total of 247,118 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 149,789 shares, the days-to-cover ratio is currently 0.4 days.

Franklin Bitcoin ETF Trading Down 3.5%

BATS:EZBC traded down $1.46 during trading hours on Friday, reaching $39.74. The company’s stock had a trading volume of 90,635 shares, compared to its average volume of 197,213. Franklin Bitcoin ETF has a one year low of $33.50 and a one year high of $56.59. The business’s 50-day moving average is $46.39 and its 200-day moving average is $41.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in shares of Franklin Bitcoin ETF by 11.0% during the first quarter. Cetera Investment Advisers now owns 157,303 shares of the company’s stock worth $6,165,000 after buying an additional 15,632 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Franklin Bitcoin ETF in the third quarter valued at about $3,184,000. Sanctuary Advisors LLC increased its holdings 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 purchasing an additional 15,770 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Franklin Bitcoin ETF by 22.9% in the third quarter. Global Retirement Partners LLC now owns 31,513 shares of the company’s stock valued at $1,522,000 after buying an additional 5,870 shares during the last quarter. Finally, Convergence Financial LLC bought a new position in shares of Franklin Bitcoin ETF in the third quarter worth about $1,395,000.

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.