WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Shares Down 0.5% – Should You Sell?

WisdomTree Bitcoin Fund (NYSEARCA:BTCW)’s share price traded down 0.5% during mid-day trading on Thursday . The company traded as low as $101.55 and last traded at $102.91. 167,437 shares traded hands during trading, an increase of 45% from the average session volume of 115,493 shares. The stock had previously closed at $103.47.

WisdomTree Bitcoin Fund Stock Performance

The stock’s 50 day simple moving average is $105.16 and its 200-day simple moving average is $83.58.

Institutional Trading of WisdomTree Bitcoin Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in WisdomTree Bitcoin Fund by 71.1% during the fourth quarter. Bank of New York Mellon Corp now owns 115,108 shares of the company’s stock worth $11,355,000 after buying an additional 47,821 shares in the last quarter. Virtu Financial LLC boosted its holdings in WisdomTree Bitcoin Fund by 145.0% during the third quarter. Virtu Financial LLC now owns 40,159 shares of the company’s stock worth $2,701,000 after buying an additional 23,768 shares in the last quarter. Private Advisor Group LLC purchased a new stake in WisdomTree Bitcoin Fund during the fourth quarter worth $489,000. Financial Life Planners purchased a new stake in WisdomTree Bitcoin Fund during the fourth quarter worth $408,000. Finally, Essex LLC purchased a new stake in WisdomTree Bitcoin Fund during the fourth quarter worth $245,000.

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.