Franklin Bitcoin ETF (BATS:EZBC) Sees Significant Growth in Short Interest

Franklin Bitcoin ETF (BATS:EZBC) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 178,527 shares, a growth of 54.8% from the August 31st total of 115,306 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 179,182 shares, the days-to-cover ratio is presently 1.0 days.

Franklin Bitcoin ETF Trading Up 1.3%

Shares of Franklin Bitcoin ETF stock opened at $48.92 on Friday. Franklin Bitcoin ETF has a twelve month low of $33.50 and a twelve month high of $73.16. The business’s 50 day simple moving average is $42.75 and its 200-day simple moving average is $41.18.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its stake in Franklin Bitcoin ETF by 11.0% in the first quarter. Cetera Investment Advisers now owns 157,303 shares of the company’s stock valued at $6,165,000 after buying an additional 15,632 shares during the last quarter. Meitav Investment House Ltd. grew its position in shares of 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 acquiring an additional 25,357 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of Franklin Bitcoin ETF by 24.4% during the first quarter. Sanctuary Advisors LLC now owns 80,314 shares of the company’s stock worth $3,148,000 after acquiring an additional 15,770 shares during the last quarter. WCG Wealth Advisors LLC increased its holdings in shares of Franklin Bitcoin ETF by 32.5% in the 4th quarter. WCG Wealth Advisors LLC now owns 16,353 shares of the company’s stock worth $827,000 after acquiring an additional 4,013 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Franklin Bitcoin ETF in the 4th quarter worth about $808,000.

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.