Franklin Bitcoin ETF (BATS:EZBC) Short Interest Down 50.8% in July

Franklin Bitcoin ETF (BATS:EZBC) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 16,749 shares, a decline of 50.8% from the June 30th total of 34,016 shares. Based on an average daily trading volume, of 123,738 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

Franklin Bitcoin ETF Stock Performance

Franklin Bitcoin ETF stock opened at $37.49 on Tuesday. The firm has a 50-day moving average of $37.92 and a 200-day moving average of $41.84. Franklin Bitcoin ETF has a one year low of $33.50 and a one year high of $73.16.

Institutional Trading of Franklin Bitcoin ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dogwood Wealth Management LLC boosted its position in Franklin Bitcoin ETF by 47.7% during the second quarter. Dogwood Wealth Management LLC now owns 6,622 shares of the company’s stock valued at $225,000 after purchasing an additional 2,139 shares during the last quarter. Ballast Advisors LLC bought a new stake in shares of Franklin Bitcoin ETF during the 1st quarter worth approximately $47,000. Western Wealth Management LLC raised its stake in shares of Franklin Bitcoin ETF by 35.7% during the 1st quarter. Western Wealth Management LLC now owns 5,690 shares of the company’s stock worth $223,000 after purchasing an additional 1,498 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Franklin Bitcoin ETF by 108.1% in the 1st quarter. NewEdge Advisors LLC now owns 793 shares of the company’s stock valued at $31,000 after buying an additional 412 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Franklin Bitcoin ETF by 11.0% in the 1st quarter. Cetera Investment Advisers now owns 157,303 shares of the company’s stock valued at $6,165,000 after buying an additional 15,632 shares during the last quarter.

Franklin Bitcoin ETF Company Profile

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.