Short Interest in Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Rises By 177.4%

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,466,691 shares, a growth of 177.4% from the June 15th total of 528,662 shares. Based on an average trading volume of 4,795,834 shares, the short-interest ratio is currently 0.3 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Trading of Fidelity Wise Origin Bitcoin Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Fidelity Wise Origin Bitcoin Fund in the 4th quarter worth $26,000. Birchbrook Inc. raised its position in Fidelity Wise Origin Bitcoin Fund by 106.1% during the second quarter. Birchbrook Inc. now owns 505 shares of the company’s stock worth $26,000 after acquiring an additional 260 shares during the period. Turning Point Benefit Group Inc. purchased a new position in Fidelity Wise Origin Bitcoin Fund during the third quarter valued at $31,000. Strategic Wealth Advisors LLC purchased a new position in Fidelity Wise Origin Bitcoin Fund during the fourth quarter valued at $32,000. Finally, Principia Wealth Advisory LLC grew its position in shares of Fidelity Wise Origin Bitcoin Fund by 317.7% in the fourth quarter. Principia Wealth Advisory LLC now owns 518 shares of the company’s stock valued at $39,000 after purchasing an additional 394 shares during the period.

Fidelity Wise Origin Bitcoin Fund Stock Performance

Shares of Fidelity Wise Origin Bitcoin Fund stock opened at $54.13 on Tuesday. Fidelity Wise Origin Bitcoin Fund has a twelve month low of $50.48 and a twelve month high of $110.25. The business has a 50-day moving average price of $59.80 and a 200 day moving average price of $64.46.

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.