WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Stock Price Up 5.3%

WisdomTree Bitcoin Fund (NYSEARCA:BTCW) shares shot up 5.3% during mid-day trading on Thursday . The stock traded as high as $67.83 and last traded at $67.16. 45,257 shares were traded during mid-day trading, a decline of 80% from the average session volume of 231,795 shares. The stock had previously closed at $63.78.

WisdomTree Bitcoin Fund Trading Up 5.3 %

The stock’s fifty day moving average is $64.60 and its two-hundred day moving average is $67.89.

Hedge Funds Weigh In On WisdomTree Bitcoin Fund

Several institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in WisdomTree Bitcoin Fund in the first quarter worth $12,071,000. Bank of New York Mellon Corp bought a new position in shares of WisdomTree Bitcoin Fund during the second quarter valued at $7,105,000. Susquehanna International Group LLP boosted its stake in shares of WisdomTree Bitcoin Fund by 38.7% in the 2nd quarter. Susquehanna International Group LLP now owns 354,737 shares of the company’s stock valued at $22,583,000 after purchasing an additional 98,923 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of WisdomTree Bitcoin Fund in the 2nd quarter worth about $1,063,000. Finally, Virtu Financial LLC acquired a new stake in shares of WisdomTree Bitcoin Fund during the 2nd quarter worth about $1,043,000.

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.