Shares of WisdomTree Bitcoin Fund (BATS:BTCW – Get Free Report) dropped 0.1% during trading on Friday . The company traded as low as $84.03 and last traded at $84.73. Approximately 2,482 shares were traded during trading, a decline of 94% from the average daily volume of 42,954 shares. The stock had previously closed at $84.79.
WisdomTree Bitcoin Fund Trading Down 0.1%
The stock’s fifty day simple moving average is $76.40 and its 200 day simple moving average is $88.45.
Institutional Trading of WisdomTree Bitcoin Fund
A number of hedge funds and other institutional investors have recently modified their holdings of BTCW. Geneos Wealth Management Inc. increased its stake 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 worth $26,000 after purchasing an additional 205 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in shares of WisdomTree Bitcoin Fund in the fourth quarter worth $99,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of WisdomTree Bitcoin Fund by 545.6% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,330 shares of the company’s stock worth $161,000 after purchasing an additional 1,124 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of WisdomTree Bitcoin Fund in the second quarter worth $223,000. Finally, Nautilus Advisors LLC purchased a new stake in shares of WisdomTree Bitcoin Fund in the third quarter worth $226,000.
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.
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