Franklin Bitcoin ETF (BATS:EZBC) Short Interest Down 48.4% in August

Franklin Bitcoin ETF (BATS:EZBC) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 115,306 shares, a drop of 48.4% from the August 15th total of 223,385 shares. Based on an average trading volume of 167,881 shares, the short-interest ratio is currently 0.7 days. Currently, 1.3% of the company’s shares are sold short.

Franklin Bitcoin ETF Stock Performance

Shares of Franklin Bitcoin ETF stock opened at $45.65 on Tuesday. Franklin Bitcoin ETF has a one year low of $33.50 and a one year high of $73.16. The stock’s 50-day moving average is $40.03 and its 200 day moving average is $40.50.

Hedge Funds Weigh In On Franklin Bitcoin ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EZBC. Private Advisor Group LLC grew its stake in shares of Franklin Bitcoin ETF by 3.6% in the 1st quarter. Private Advisor Group LLC now owns 9,811 shares of the company’s stock valued at $384,000 after buying an additional 340 shares during the period. NewEdge Advisors LLC raised its stake in Franklin Bitcoin ETF by 108.1% during the 1st quarter. NewEdge Advisors LLC now owns 793 shares of the company’s stock worth $31,000 after buying an additional 412 shares during the period. First Financial Group Corp boosted its holdings in Franklin Bitcoin ETF by 15.1% in the first quarter. First Financial Group Corp now owns 5,834 shares of the company’s stock worth $229,000 after acquiring an additional 765 shares in the last quarter. Western Wealth Management LLC grew its stake in Franklin Bitcoin ETF by 30.6% in the fourth quarter. Western Wealth Management LLC now owns 4,192 shares of the company’s stock valued at $212,000 after acquiring an additional 983 shares during the period. Finally, Abacus Wealth Partners LLC grew its stake in Franklin Bitcoin ETF by 6.7% in the fourth quarter. Abacus Wealth Partners LLC now owns 16,000 shares of the company’s stock valued at $810,000 after acquiring an additional 1,000 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.