Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Short Interest Update

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 528,662 shares, a drop of 69.5% from the May 31st total of 1,735,441 shares. Based on an average daily trading volume, of 5,879,727 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Institutional investors have recently bought and sold shares of the company. Morgan Stanley boosted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 34,634,200.0% in the fourth quarter. Morgan Stanley now owns 692,686 shares of the company’s stock valued at $52,803,000 after purchasing an additional 692,684 shares during the period. Consolidated Portfolio Review Corp increased its stake in Fidelity Wise Origin Bitcoin Fund by 441.6% during the 4th quarter. Consolidated Portfolio Review Corp now owns 834,367 shares of the company’s stock worth $63,604,000 after buying an additional 680,313 shares during the period. Capula Management Ltd lifted its holdings in Fidelity Wise Origin Bitcoin Fund by 41.1% during the 3rd quarter. Capula Management Ltd now owns 2,112,794 shares of the company’s stock worth $210,878,000 after buying an additional 615,620 shares in the last quarter. Millennium Management LLC lifted its holdings in Fidelity Wise Origin Bitcoin Fund by 5.9% during the 3rd quarter. Millennium Management LLC now owns 7,447,005 shares of the company’s stock worth $743,286,000 after buying an additional 414,799 shares in the last quarter. Finally, Means Investment CO. Inc. purchased a new position in Fidelity Wise Origin Bitcoin Fund in the 4th quarter valued at approximately $21,131,000.

Fidelity Wise Origin Bitcoin Fund Stock Up 1.0%

Shares of BATS FBTC opened at $52.52 on Tuesday. Fidelity Wise Origin Bitcoin Fund has a twelve month low of $50.48 and a twelve month high of $110.25. The stock has a fifty day simple moving average of $62.38 and a 200-day simple moving average of $66.11.

About Fidelity Wise Origin Bitcoin Fund

The Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC) using a Bitcoin price feed. An investment in the fund is not a direct investment in bitcoin. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.