Franklin Bitcoin ETF (BATS:EZBC) Short Interest Down 55.7% in May

Franklin Bitcoin ETF (BATS:EZBC) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 15,527 shares, a decline of 55.7% from the May 14th total of 35,043 shares. Based on an average daily volume of 185,880 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

Franklin Bitcoin ETF Trading Up 0.0%

EZBC stock traded up $0.01 during midday trading on Friday, reaching $36.75. 123,829 shares of the company were exchanged, compared to its average volume of 250,389. The business has a 50-day moving average price of $42.57 and a two-hundred day moving average price of $45.15. Franklin Bitcoin ETF has a one year low of $34.17 and a one year high of $73.16.

Hedge Funds Weigh In On Franklin Bitcoin ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rede Wealth LLC bought a new position in Franklin Bitcoin ETF during the fourth quarter worth $1,076,000. Consilium Wealth Advisory LLC bought a new position in Franklin Bitcoin ETF during the fourth quarter worth $3,317,000. Northwestern Mutual Wealth Management Co. bought a new position in Franklin Bitcoin ETF during the fourth quarter worth $808,000. Round Rock Advisors LLC bought a new position in Franklin Bitcoin ETF during the fourth quarter worth $2,088,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Franklin Bitcoin ETF during the fourth quarter worth $760,000.

Franklin Bitcoin ETF Company Profile

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.