WisdomTree Bitcoin Fund (BATS:BTCW – Get Free Report) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 7,811 shares, a drop of 83.6% from the April 15th total of 47,553 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 23,101 shares, the days-to-cover ratio is presently 0.3 days.
Hedge Funds Weigh In On WisdomTree Bitcoin Fund
Hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its position in WisdomTree Bitcoin Fund by 126.5% during the first quarter. Geneos Wealth Management Inc. now owns 367 shares of the company’s stock worth $26,000 after acquiring an additional 205 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in WisdomTree Bitcoin Fund during the fourth quarter worth about $99,000. Harel Insurance Investments & Financial Services Ltd. increased its position in WisdomTree Bitcoin Fund by 545.6% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,330 shares of the company’s stock worth $161,000 after acquiring an additional 1,124 shares during the period. Nautilus Advisors LLC bought a new position in WisdomTree Bitcoin Fund during the third quarter worth about $226,000. Finally, NewEdge Advisors LLC bought a new position in WisdomTree Bitcoin Fund during the second quarter worth about $223,000.
WisdomTree Bitcoin Fund Stock Performance
BATS BTCW opened at $86.71 on Tuesday. The firm has a 50-day moving average of $76.94 and a 200-day moving average of $88.04. WisdomTree Bitcoin Fund has a 52-week low of $66.21 and a 52-week high of $133.92.
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.
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