WisdomTree Bitcoin Fund (NYSEARCA:BTCW – Get Free Report) shot up 10% on Friday . The company traded as high as $75.58 and last traded at $74.14. 225,527 shares traded hands during trading, an increase of 267% from the average session volume of 61,369 shares. The stock had previously closed at $67.42.
WisdomTree Bitcoin Fund Stock Performance
The company has a fifty day moving average of $93.23 and a two-hundred day moving average of $108.78.
Hedge Funds Weigh In On WisdomTree Bitcoin Fund
Institutional investors and hedge funds have recently modified their holdings of the business. Frazier Financial Advisors LLC increased its position in WisdomTree Bitcoin Fund by 31.0% during the second quarter. Frazier Financial Advisors LLC now owns 968 shares of the company’s stock worth $111,000 after acquiring an additional 229 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of WisdomTree Bitcoin Fund by 545.6% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,330 shares of the company’s stock worth $161,000 after purchasing an additional 1,124 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of WisdomTree Bitcoin Fund during the second quarter worth approximately $223,000. Nautilus Advisors LLC bought a new position in shares of WisdomTree Bitcoin Fund during the third quarter worth approximately $226,000. Finally, Private Advisor Group LLC raised its position in shares of WisdomTree Bitcoin Fund by 16.6% in the third quarter. Private Advisor Group LLC now owns 9,397 shares of the company’s stock valued at $1,140,000 after buying an additional 1,335 shares in the last quarter.
About WisdomTree Bitcoin Fund
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.
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