Short Interest in Franklin Bitcoin ETF (BATS:EZBC) Rises By 255.3%

Franklin Bitcoin ETF (BATS:EZBC) saw a significant increase in short interest in 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 presently 1.6 days. Currently, 2.5% of the shares of the company are sold short.

Franklin Bitcoin ETF Stock Performance

Shares of BATS EZBC opened at $46.17 on Friday. Franklin Bitcoin ETF has a fifty-two week low of $33.50 and a fifty-two week high of $73.16. The firm’s 50-day simple moving average is $37.63 and its 200 day simple moving average is $39.96.

Institutional Trading of Franklin Bitcoin ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EZBC. Northwestern Mutual Wealth Management Co. bought a new position in shares of Franklin Bitcoin ETF in the fourth quarter valued at approximately $808,000. Meitav Investment House Ltd. raised its holdings 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 in the last quarter. Cetera Investment Advisers lifted its position in Franklin Bitcoin ETF by 11.0% in the first quarter. Cetera Investment Advisers now owns 157,303 shares of the company’s stock worth $6,165,000 after purchasing an additional 15,632 shares during the period. Sanctuary Advisors LLC boosted its stake in Franklin Bitcoin ETF by 24.4% during the 1st quarter. Sanctuary Advisors LLC now owns 80,314 shares of the company’s stock valued at $3,148,000 after purchasing an additional 15,770 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Franklin Bitcoin ETF during the 4th quarter valued at $760,000.

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.