WisdomTree Bitcoin Fund (BATS:BTCW) Short Interest Update

WisdomTree Bitcoin Fund (BATS:BTCW) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,019 shares, a decline of 54.4% from the July 15th total of 2,233 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 16,623 shares, the short-interest ratio is currently 0.1 days.

WisdomTree Bitcoin Fund Trading Down 0.6%

WisdomTree Bitcoin Fund stock opened at $66.47 on Friday. The stock has a fifty day moving average price of $66.92 and a 200 day moving average price of $73.71. WisdomTree Bitcoin Fund has a 52 week low of $61.45 and a 52 week high of $133.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BTCW. Whitaker Myers Wealth Managers LTD. lifted its holdings in shares of WisdomTree Bitcoin Fund by 14.5% during the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 44,296 shares of the company’s stock worth $2,746,000 after acquiring an additional 5,600 shares during the period. Bank of New York Mellon Corp grew its holdings in WisdomTree Bitcoin Fund by 105.9% in the first quarter. Bank of New York Mellon Corp now owns 179,758 shares of the company’s stock valued at $12,890,000 after purchasing an additional 92,443 shares during the period. 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 purchasing an additional 205 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in WisdomTree Bitcoin Fund by 44.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,241 shares of the company’s stock worth $376,000 after purchasing an additional 1,612 shares during the last quarter. Finally, Meitav Investment House Ltd. raised its stake in WisdomTree Bitcoin Fund by 45.0% during the first quarter. Meitav Investment House Ltd. now owns 44,587 shares of the company’s stock worth $3,197,000 after purchasing an additional 13,847 shares during the period.

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.