Franklin Bitcoin ETF (BATS:EZBC) Short Interest Up 195.7% in June

Franklin Bitcoin ETF (BATS:EZBCGet Free Report) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 45,907 shares, an increase of 195.7% from the May 31st total of 15,527 shares. Based on an average daily trading volume, of 250,995 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.5% of the shares of the company are short sold.

Franklin Bitcoin ETF Price Performance

EZBC opened at $34.88 on Tuesday. Franklin Bitcoin ETF has a 12-month low of $33.50 and a 12-month high of $73.16. The firm has a 50 day moving average of $41.41 and a two-hundred day moving average of $43.89.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EZBC. NewEdge Advisors LLC raised its stake in shares of Franklin Bitcoin ETF by 108.1% during 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. Raymond James Financial Inc. purchased a new stake in shares of Franklin Bitcoin ETF in the second quarter worth about $31,000. Semmax Financial Advisors Inc. boosted its stake in shares of Franklin Bitcoin ETF by 42.2% in the second quarter. Semmax Financial Advisors Inc. now owns 519 shares of the company’s stock worth $35,000 after buying an additional 154 shares during the last quarter. Caitlin John LLC acquired a new stake in Franklin Bitcoin ETF during the third quarter worth about $38,000. Finally, Greenline Wealth Management LLC acquired a new stake in Franklin Bitcoin ETF during the fourth quarter worth about $46,000.

About Franklin Bitcoin ETF

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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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