WisdomTree Bitcoin Fund (NYSEARCA:BTCW – Get Free Report)’s share price dropped 0.5% during trading on Friday . The company traded as low as $108.55 and last traded at $109.39. Approximately 98,107 shares changed hands during trading, a decline of 34% from the average daily volume of 148,454 shares. The stock had previously closed at $109.95.
WisdomTree Bitcoin Fund Trading Down 0.5%
The stock has a fifty day moving average of $106.67 and a 200 day moving average of $101.47.
Institutional Trading of WisdomTree Bitcoin Fund
A number of hedge funds have recently bought and sold shares of BTCW. Elequin Capital LP raised its stake in shares of WisdomTree Bitcoin Fund by 490.1% in the first quarter. Elequin Capital LP now owns 64,186 shares of the company’s stock valued at $5,601,000 after buying an additional 53,309 shares during the period. Virtu Financial LLC grew its position in shares of WisdomTree Bitcoin Fund by 133.7% in the first quarter. Virtu Financial LLC now owns 23,215 shares of the company’s stock valued at $2,026,000 after purchasing an additional 13,282 shares in the last quarter. Private Advisor Group LLC increased its stake in WisdomTree Bitcoin Fund by 33.0% in the 1st quarter. Private Advisor Group LLC now owns 6,593 shares of the company’s stock worth $575,000 after acquiring an additional 1,637 shares during the last quarter. CWM LLC bought a new position in WisdomTree Bitcoin Fund in the 1st quarter worth about $344,000. Finally, Northwest Capital Management Inc bought a new position in WisdomTree Bitcoin Fund in the 1st quarter worth about $344,000.
WisdomTree Bitcoin Fund Company Profile
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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