Short Interest in WisdomTree Bitcoin Fund (BATS:BTCW) Declines By 55.6%

WisdomTree Bitcoin Fund (BATS:BTCW) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 2,233 shares, a drop of 55.6% from the June 30th total of 5,026 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 34,265 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On WisdomTree Bitcoin Fund

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC increased its position in shares of WisdomTree Bitcoin Fund by 522.1% during the first quarter. Jane Street Group LLC now owns 38,038 shares of the company’s stock worth $3,319,000 after purchasing an additional 31,924 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of WisdomTree Bitcoin Fund in the 2nd quarter valued at about $223,000. Private Advisor Group LLC boosted its position in shares of WisdomTree Bitcoin Fund by 16.6% in the 3rd quarter. Private Advisor Group LLC now owns 9,397 shares of the company’s stock valued at $1,140,000 after purchasing an additional 1,335 shares during the period. Nautilus Advisors LLC boosted its position in shares of WisdomTree Bitcoin Fund by 67.8% in the 4th quarter. Nautilus Advisors LLC now owns 3,131 shares of the company’s stock valued at $290,000 after purchasing an additional 1,265 shares during the period. Finally, Whitaker Myers Wealth Managers LTD. boosted its position in shares of WisdomTree Bitcoin Fund by 45.4% in the 4th quarter. Whitaker Myers Wealth Managers LTD. now owns 26,307 shares of the company’s stock valued at $2,438,000 after purchasing an additional 8,217 shares during the period.

WisdomTree Bitcoin Fund Trading Up 1.3%

Shares of BATS:BTCW opened at $68.61 on Tuesday. The company’s fifty day moving average price is $69.36 and its 200 day moving average price is $76.53. WisdomTree Bitcoin Fund has a 12 month low of $61.45 and a 12 month high of $133.92.

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.