Short Interest in Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Drops By 39.8%

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 658,076 shares, a decrease of 39.8% from the April 15th total of 1,093,999 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 3,758,366 shares, the short-interest ratio is presently 0.2 days.

Fidelity Wise Origin Bitcoin Fund Trading Down 2.9%

Shares of BATS:FBTC opened at $68.84 on Friday. Fidelity Wise Origin Bitcoin Fund has a 1-year low of $54.21 and a 1-year high of $110.25. The firm has a fifty day moving average price of $64.10 and a 200 day moving average price of $71.95.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

A number of large investors have recently bought and sold shares of the company. Waverly Advisors LLC increased its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 65.0% in the 1st quarter. Waverly Advisors LLC now owns 26,777 shares of the company’s stock valued at $1,581,000 after purchasing an additional 10,548 shares in the last quarter. Wealth Alliance LLC boosted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 122.3% during the 1st quarter. Wealth Alliance LLC now owns 20,096 shares of the company’s stock worth $1,186,000 after purchasing an additional 11,057 shares during the last quarter. Broadhurst Jeffrey B acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the 1st quarter worth about $365,000. Renaissance Technologies LLC boosted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 22.7% during the 1st quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock worth $3,253,000 after purchasing an additional 10,200 shares during the last quarter. Finally, Modern Wealth Management LLC acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the 1st quarter worth about $210,000.

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.