Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Shares Shorted: Short Interest Up 150.4% in September

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 3,783,056 shares, a growth of 150.4% from the August 31st total of 1,510,751 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily volume of 3,541,384 shares, the short-interest ratio is presently 1.1 days.

Fidelity Wise Origin Bitcoin Fund Stock Performance

Shares of BATS FBTC opened at $73.05 on Monday. The firm’s 50-day simple moving average is $63.11 and its 200 day simple moving average is $61.70. Fidelity Wise Origin Bitcoin Fund has a fifty-two week low of $50.48 and a fifty-two week high of $110.25.

Institutional Trading of Fidelity Wise Origin Bitcoin Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SkyView Investment Advisors LLC boosted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 33.3% in the second quarter. SkyView Investment Advisors LLC now owns 8,000 shares of the company’s stock valued at $408,000 after acquiring an additional 2,000 shares in the last quarter. IPG Investment Advisors LLC raised its holdings in Fidelity Wise Origin Bitcoin Fund by 38.9% during the second quarter. IPG Investment Advisors LLC now owns 48,962 shares of the company’s stock worth $2,500,000 after purchasing an additional 13,702 shares in the last quarter. NorthRock Partners LLC bought a new stake in Fidelity Wise Origin Bitcoin Fund during the second quarter worth approximately $221,000. Waverly Advisors LLC lifted its position in Fidelity Wise Origin Bitcoin Fund by 9.3% in the second quarter. Waverly Advisors LLC now owns 29,274 shares of the company’s stock worth $1,494,000 after purchasing an additional 2,497 shares during the period. Finally, Guardian Wealth Advisors LLC NC lifted its position in Fidelity Wise Origin Bitcoin Fund by 16.5% in the second quarter. Guardian Wealth Advisors LLC NC now owns 4,987 shares of the company’s stock worth $255,000 after purchasing an additional 705 shares during the period.

About Fidelity Wise Origin Bitcoin Fund

The Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC) using a Bitcoin price feed. An investment in the fund is not a direct investment in bitcoin. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.