WisdomTree Bitcoin Fund (BATS:BTCW) Stock Breaks Below 200-Day Moving Average – Here’s What Happened

Shares of WisdomTree Bitcoin Fund (BATS:BTCW) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $76.88 and traded as low as $75.31. WisdomTree Bitcoin Fund shares last traded at $75.31, with a volume of 7,156 shares trading hands.

WisdomTree Bitcoin Fund Stock Performance

The business’s 50 day moving average price is $85.10 and its 200-day moving average price is $76.88.

Hedge Funds Weigh In On WisdomTree Bitcoin Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTCW. Geneos Wealth Management Inc. grew its stake in shares of WisdomTree Bitcoin Fund by 126.5% during the first quarter. Geneos Wealth Management Inc. now owns 367 shares of the company’s stock valued at $26,000 after acquiring an additional 205 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of WisdomTree Bitcoin Fund during the third quarter worth about $230,000. Private Advisor Group LLC purchased a new stake in shares of WisdomTree Bitcoin Fund during the third quarter worth about $246,000. Nautilus Advisors LLC increased its position in shares of WisdomTree Bitcoin Fund by 3.8% during the third quarter. Nautilus Advisors LLC now owns 3,607 shares of the company’s stock worth $318,000 after acquiring an additional 133 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of WisdomTree Bitcoin Fund by 44.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,241 shares of the company’s stock worth $376,000 after acquiring an additional 1,612 shares in the last quarter.

WisdomTree Bitcoin Fund Company Profile

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.