Franklin Bitcoin ETF (BATS:EZBC) Sees Large Increase in Short Interest

Franklin Bitcoin ETF (BATS:EZBC) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 223,385 shares, an increase of 255.3% from the July 30th total of 62,864 shares. Based on an average daily volume of 143,077 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.5% of the shares of the company are short sold.

Institutional Trading of Franklin Bitcoin ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC increased its holdings in Franklin Bitcoin ETF by 1.3% in the 4th quarter. LPL Financial LLC now owns 535,062 shares of the company’s stock worth $27,074,000 after acquiring an additional 7,115 shares in the last quarter. Cetera Investment Advisers raised its holdings in Franklin Bitcoin ETF by 11.0% in the 1st quarter. Cetera Investment Advisers now owns 157,303 shares of the company’s stock valued at $6,165,000 after acquiring an additional 15,632 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Franklin Bitcoin ETF by 3.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 138,425 shares of the company’s stock worth $7,004,000 after buying an additional 4,845 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Franklin Bitcoin ETF by 880.1% during the 3rd quarter. Virtu Financial LLC now owns 118,284 shares of the company’s stock worth $7,832,000 after acquiring an additional 106,215 shares during the period. Finally, Meitav Investment House Ltd. raised its stake in Franklin Bitcoin ETF by 45.1% during the first quarter. Meitav Investment House Ltd. now owns 81,605 shares of the company’s stock worth $3,198,000 after purchasing an additional 25,357 shares during the period.

Franklin Bitcoin ETF Stock Down 0.6%

Franklin Bitcoin ETF stock opened at $45.36 on Thursday. Franklin Bitcoin ETF has a 52 week low of $33.50 and a 52 week high of $73.16. The business’s 50-day moving average price is $37.43 and its 200 day moving average price is $39.89.

About Franklin Bitcoin ETF

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.