Fidelity Wise Origin Bitcoin Fund (BATS:FBTC – Get Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,466,691 shares, an increase 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 company’s stock are sold short.
Fidelity Wise Origin Bitcoin Fund Trading Down 2.5%
Shares of BATS FBTC traded down $1.41 during mid-day trading on Monday, reaching $54.21. The company had a trading volume of 2,719,190 shares, compared to its average volume of 5,298,087. Fidelity Wise Origin Bitcoin Fund has a twelve month low of $50.48 and a twelve month high of $110.25. The stock’s 50 day moving average is $60.05 and its 200-day moving average is $64.62.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 34,634,200.0% during the 4th quarter. Morgan Stanley now owns 692,686 shares of the company’s stock valued at $52,803,000 after buying an additional 692,684 shares during the last quarter. Consolidated Portfolio Review Corp increased its holdings in Fidelity Wise Origin Bitcoin Fund by 441.6% in the fourth quarter. Consolidated Portfolio Review Corp now owns 834,367 shares of the company’s stock worth $63,604,000 after buying an additional 680,313 shares during the last quarter. Capula Management Ltd raised its position in Fidelity Wise Origin Bitcoin Fund by 41.1% during the third quarter. Capula Management Ltd now owns 2,112,794 shares of the company’s stock valued at $210,878,000 after acquiring an additional 615,620 shares in the last quarter. Millennium Management LLC raised its position in Fidelity Wise Origin Bitcoin Fund by 5.9% during the third quarter. Millennium Management LLC now owns 7,447,005 shares of the company’s stock valued at $743,286,000 after acquiring an additional 414,799 shares in the last quarter. Finally, Means Investment CO. Inc. acquired a new stake in Fidelity Wise Origin Bitcoin Fund in the fourth quarter valued at approximately $21,131,000.
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.
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