Franklin Bitcoin ETF (BATS:EZBC – Get Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 223,385 shares, a growth of 255.3% from the July 30th total of 62,864 shares. Based on an average daily volume of 143,077 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.5% of the company’s shares are sold short.
Franklin Bitcoin ETF Trading Down 0.6%
Shares of BATS EZBC opened at $45.36 on Thursday. The business’s 50 day moving average price is $37.43 and its 200-day moving average price is $39.89. Franklin Bitcoin ETF has a fifty-two week low of $33.50 and a fifty-two week high of $73.16.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of EZBC. Dogwood Wealth Management LLC raised its holdings in shares of Franklin Bitcoin ETF by 47.7% in the second quarter. Dogwood Wealth Management LLC now owns 6,622 shares of the company’s stock valued at $225,000 after acquiring an additional 2,139 shares in the last quarter. Ballast Advisors LLC purchased a new stake in shares of Franklin Bitcoin ETF during the 1st quarter valued at $47,000. Western Wealth Management LLC raised its stake in Franklin Bitcoin ETF by 35.7% in the first quarter. Western Wealth Management LLC now owns 5,690 shares of the company’s stock valued at $223,000 after buying an additional 1,498 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Franklin Bitcoin ETF by 108.1% in the 1st quarter. NewEdge Advisors LLC now owns 793 shares of the company’s stock worth $31,000 after purchasing an additional 412 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Franklin Bitcoin ETF by 11.0% during the first quarter. Cetera Investment Advisers now owns 157,303 shares of the company’s stock worth $6,165,000 after buying an additional 15,632 shares during the period.
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.
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